Convenience Store with Adjacent
New
For Sale
$199,000
510 Roundtree Street, New Bern, NC 28560
Commercial Sale, New Bern, NC
Property Size1,320 SF
Lot Size0.30 Acres
Price / SF$150.76
Days on Market1
Property Features for 510 Roundtree Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Subdivision
New Bern Downtown Historic
Lot features
Cleared
Directions
US 70 WEST - HEAD OUT OF MOREHEAD CITY ON US 70 WEST ARENDELL ST TOWARD HAVELOCK, TAKE EXIT 416 FOR NC-55/NEUSE BLVD TOWARD BROAD ST, FOLLOW NC-55 WEST MERGE ONTO NC-55 W THEN MAKE A SLIGHT RIGHT ONTO QUEEN ST, TURN ONTO ROUNDTREE ST, YOUR DESTINATION WILL BE ON THE RIGHT.
Standard status
Active
APN
8-008-056
Size
1,320 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
510 ROUNDTREE ST - SEE DEED BOOK 3617 PAGE 0612
Legal Description
510 ROUNDTREE ST - SEE DEED BOOK 3617 PAGE 0612
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Amenities
wide open retail floor plan
two modern zoned ductless mini-splits heating and cooling
Building Details
Year built
1960
Flooring type
Tile
Building materials
Concrete
Roof type
Metal
Buildings
1
Listing Agency:
eXp Realty
(888) 584-9431
Listed By:
Stephanie Bise · License #357228
(252) 342-5542
Added: Nov 2
Last Checked: Nov 2 at 7:06PM
MLS# 100613920
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.
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Investment Insights
Based on property information with market context.
The property combines a 1,320-square-foot concrete block storefront with two adjacent vacant parcels, totaling approximately 0.3 acres across three lots. The open retail floor plan is served by two ductless mini-split systems for heating and cooling. An active neighborhood convenience store tenant occupies the building on a month-to-month basis.
The storefront parcel measures 0.13 acres and carries C-3 zoning; the two neighboring vacant lots are zoned residential. Public water and sewer connections are available on-site, with paved municipal street access and curb-and-gutter improvements. The property is located in New Bern’s Five Points commercial corridor, a few blocks from the riverfront and downtown commercial district.
The storefront parcel measures 0.13 acres and carries C-3 zoning; the two neighboring vacant lots are zoned residential. Public water and sewer connections are available on-site, with paved municipal street access and curb-and-gutter improvements. The property is located in New Bern’s Five Points commercial corridor, a few blocks from the riverfront and downtown commercial district.
Key Highlights
- Three parcels totaling approximately 0.3 acres
- 1,320‑square‑foot concrete block storefront with an open retail layout
- Active convenience store tenant on a month‑to‑month basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,072
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,440
$341.4K
Cap Rate 7%
$243,886
$243.9K
Cap Rate 9%
$189,689
$189.7K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$23.8K $18.00/SF
− Vacancy
−$998 −$0.76/SF
EGI
$22.8K $17.24/SF
− OpEx
−$5.7K −$4.31/SF
NOI
$17.1K $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%
$341,440
Cap Rate 7%
$243,886
Cap Rate 9%
$189,689
Alternative Uses
Best Use
Retail
$372.6K
$326.0K – $434.7K
NOI $26,080 @ 7.0% cap · market cap 13.11%
Second Best
Specialty Retail
$243.9K
$213.4K – $284.5K
NOI $17,072 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$435.2K
$380.8K – $507.7K
NOI $30,464 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28560, NC
28,005
Population
14,165
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
92%
High-School Grad
122.6 sq mi
ZIP Area
228
Density / Sq Mi
$62,142
Median Household Income
$37,379
Median Earnings
$992
Median Rent
$191,600
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
Similar Off Market Nearby
- Bouchée Bee — The Jarvis at, 220 Pollock St, New Bern, NC 28560
- chappmen storee — 1303 Mechanic St, New Bern, NC 28560
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An operating neighborhood store occupies a flexible retail space with additional parcels alongside it.
Where is this grocery and convenience store located?
The property is located at 510 Roundtree Street New Bern, NC.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three parcels totaling approximately 0.3 acres; 1,320‑square‑foot concrete block storefront with an open retail layout; Active convenience store tenant on a month‑to‑month basis
