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    Dr Mlk Jr Blvd New Bern, NC 28562

    For Sale
    $5,400,000

    LAND - New Bern, NC

    Lot size:
    90.00 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for Dr Mlk Jr Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-6
    APN
    8-211-005
    Lot size
    90.00 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    CENTURY 21 Zaytoun-Raines (252) 633-3069 [email protected]

    Listing agent MICHAEL RAINES (252) 633-3069 License #217510

    Listing date Nov 20, 2025

    MLS# 100542181 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    90 Acres Development Land, New Bern

    This 90-acre parcel of land, zoned R-6, is located within the city's Extra Territorial Jurisdiction (ETJ), allowing for high-density single and multifamily development. City of New Bern water and sewer services are available on-site. The property benefits from numerous existing access points, with primary access off Dr. Mlk Jr Boulevard/Hwy 17 Business, which can be constructed by the developer near an existing billboard or built by adjacent multifamily or commercial developments. Situated between New Bern High School and the new Hwy 43 Connector, the land is approximately one mile from the Harris Teeter shopping center. Preliminary wetland studies, conducted before the 2023 Sackett case, indicate no wetlands on the 90 acres. A clean Phase 1 environmental assessment, PJD, and traffic study are available. The acreage is approximate, and the buyer will need a new survey. The 90 acres are part of a larger 150-acre parcel designated for single-family, multifamily, and commercial use. The buyer has the option to purchase the land in multiple phases. The seller will not be making any improvements to the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.123228
    Latitude
    35.101987

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    FAQs

    What type of property is this?
    Land - 90 acres of land suitable for high-density development.
    Where is this land located?
    The property is located at Dr Mlk Jr Blvd New Bern, NC.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: - 90 acres zoned R-6, **allowing high-density development for single and multifamily homes.**; - City of New Bern water and sewer available on-site.; - Located between New Bern High & New Hwy 43 Connector, offering **proximity to Hwy 70 & shopping.**
    (252) 633-3069
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    Dr Mlk Jr Blvd New Bern, NC 28562
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    New Bern, NC 28562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Dr Mlk Jr Blvd New Bern, NC 28562
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