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    714 Broad St New Bern, NC 28562

    Sponsored
    For Sale
    $1,500,000

    Prime location, vacant, 3,322 sq ft.

    Property size:
    3,322 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.96-acre property at 714 Broad Street in New Bern, North Carolina, presents a unique investment opportunity. Currently vacant, this 3,322 square foot site boasts a prime downtown location and is zoned COMMERCIAL, allowing for a variety of uses. Previously occupied by Hardee's and Jim Bob's Restaurant, the property features a drive-thru lane and ample parking, making it ideal for a quick-service restaurant (QSR) or similar commercial venture. The single-story building sits on a sizable 0.96-acre lot, providing significant flexibility for development or redevelopment. The asking price is $1,500,000. This value-add investment is ready for a new owner to capitalize on its excellent location and potential. The property's history as a successful restaurant location, combined with its convenient access and ample parking, makes it an attractive proposition for entrepreneurs seeking a high-traffic, high-visibility site in a thriving downtown area. The property is vacant and ready for immediate occupancy. Serious inquiries only.

    Property Features for 714 Broad St

    General Information

    Property type
    Restaurants
    Square Feet
    3,322 SF
    Lot Size
    41,818 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 0.96‑acre commercial lot at 714 Broad Street, New Bern, NC, listed at $1,500,000.
    • 3,322 square foot site, currently vacant.
    • Prime downtown location with COMMERCIAL zoning.
    • Features a drive‑thru lane and ample parking.
    • Ideal for QSR or similar commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -77.1715228
    Latitude
    35.1217955

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    FAQs

    What type of property is this?
    Restaurant - Prime location, vacant, 3,322 sq ft.
    Where is this restaurant located?
    The property is located at 714 Broad St New Bern, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 0.96-acre commercial lot at 714 Broad Street, New Bern, NC, listed at $1,500,000.; 3,322 square foot site, currently vacant.; Prime downtown location with COMMERCIAL zoning.
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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
    714 Broad St New Bern, NC 28562
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