Restaurant Building with Walk-In
For Sale
$950,000
2405 Neuse Boulevard, New Bern, NC 28562
Commercial Sale, New Bern, NC
Property Size2,847 SF
Lot Size1.46 Acres
Price / SF$333.68
Days on Market717
Property Features for 2405 Neuse Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Parking features
Parking Lot
Subdivision
Not In Subdivision
Lot features
Open Lot
Directions
From Downtown New Bern take Broad St. Broad St turns in to Neuse Blvd. Go through Simmons St intersection and property will be on your left.
Standard status
Active
APN
8-052 -089
Size
2,847 SF
Lot size
1.46 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
HWY 70 NEUSE LAND
Tax Annual Amount
2945
Legal Description
HWY 70 NEUSE LAND
Utilities
Utilities
Water Available
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1975
Building materials
Stucco
Roof type
Flat
Listing Agency:
PRIME REALTY NC, LLC
(252) 637-7463
Listed By:
Sonja Badger · License #228835
(252) 617-0861
Added: Oct 20, 2024
Changed: Oct 6
Last Checked: Oct 6 at 10:06PM
MLS# 100472235
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Configured for restaurant use, the 2,847-square-foot building was constructed in 1975 and sits on a 1.46-acre parcel. Interior equipment includes a walk-in refrigerator and walk-in freezer, alongside a tankless water heater and a natural gas connection. Stucco construction and a flat roof complete the building’s exterior features.
The property has a parking lot, electric and heat pump heating, and heat pump cooling. Water is available, with public water service identified.
The property has a parking lot, electric and heat pump heating, and heat pump cooling. Water is available, with public water service identified.
Key Highlights
- 2,847‑square‑foot restaurant building on 1.46 acres
- Walk‑in refrigerator and walk‑in freezer
- Tankless water heater and natural gas connection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,820
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,400
$736.4K
Cap Rate 7%
$526,000
$526.0K
Cap Rate 9%
$409,111
$409.1K
Market Conditions
NOI Build-Up for 2,847 SF
Gross rent
$51.2K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$49.1K $17.24/SF
− OpEx
−$12.3K −$4.31/SF
NOI
$36.8K $12.93/SF
Area
Craven County, NC
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,400
Cap Rate 7%
$526,000
Cap Rate 9%
$409,111
Alternative Uses
Best Use
Specialty Retail
$526.0K
$460.3K – $613.7K
NOI $36,820 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$938.6K
$821.3K – $1.10M
NOI $65,705 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28562, NC
39,375
Population
18,812
Households
2.1
Avg Household Size
45
Median Age
33%
College-Educated
93%
High-School Grad
151.7 sq mi
ZIP Area
260
Density / Sq Mi
$74,620
Median Household Income
$40,215
Median Earnings
$1,131
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The facility includes walk-in refrigeration, a tankless water heater, and a natural gas connection.
Where is this conventional restaurant located?
The property is located at 2405 Neuse Boulevard New Bern, NC.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,847‑square‑foot restaurant building on 1.46 acres; Walk‑in refrigerator and walk‑in freezer; Tankless water heater and natural gas connection
