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    300 Washington Post Rd New Bern, NC 28560

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    For Sale
    $3,167,500

    Multi-family and commercial development site with 312 units planned.

    Property size:
    34 SF
    Lot size:
    34.36 Acres

    Property Features for 300 Washington Post Rd

    General Information

    Size
    34 SF
    Lot size
    34.36 Acres

    Source: Josh Taylor Agent Josh Taylor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    34+ Acre Development Site

    This 34+ acre development site, known as Waterford Landing, is intended for multi-family and commercial use. It is located at the intersection of NC Hwy 43 & 55. The site has a proposed plan for 312 residential apartment units. Preliminary city approval for 312 units was previously received in 2008, but the site plan and permits need to be renewed. The property consists of two parcels: Parcel #1, which is 28.9 +/- acres with PARCEL ID: 8-216-7004, and Parcel #2, which is 5.46 +/- acres with PARCEL ID: 8-216-19000. Combined, the parcels total 34.36 +/- acres. The zoning is Commercial & R-8.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store Discount Store Electrical Service Electronics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.106284
    Latitude
    35.148111

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    FAQs

    What type of property is this?
    Land - Multi-family and commercial development site with 312 units planned.
    Where is this land located?
    The property is located at 300 Washington Post Rd New Bern, NC.
    What is the asking price?
    The asking price for this property is $3,167,500.
    What are key features of this property?
    This property features: - 34+ acre multi-family & commercial development site; - Proposed 312 unit residential apartment site; - Located at the intersection of NC Hwy 43 & 55
    (252) 670-9590
    Request Owner's contact information
    300 Washington Post Rd New Bern, NC 28560
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    New Bern, NC 28560
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    300 Washington Post Rd New Bern, NC 28560
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