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    Washington Post Rd New Bern, NC 28562

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    For Sale
    Contact for pricing

    5.46 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.46-acre commercial development site is located in New Bern, North Carolina, at 300 Washington Post Road (NC Hwy 43), in Craven County, zip code 28562. The property boasts significant road frontage and presents a compelling opportunity for various commercial ventures. Its R-8 zoning designation opens doors to a range of development possibilities. The site's strategic location benefits from a high average annual daily traffic count (AADT) of 17,500 in 2020, ensuring high visibility and accessibility. Adding to its appeal, an adjacent parcel of approximately 28 acres has recently received approval for a substantial 288-unit multifamily development project. This proximity to a large-scale residential project further enhances the potential for synergistic development and increased demand. The property's APN is 8-216-19000. The site's size and location make it ideal for a variety of commercial uses, capitalizing on the strong traffic flow and the potential for complementary businesses within the surrounding area. This is a rare opportunity to acquire a significant commercial land parcel in a rapidly growing area. Serious inquiries are encouraged.

    Property Features for 0 Washington Post Rd

    General Information

    Property type
    Land
    Lot Size
    237,838 SF

    HighLights

    • Excellent road frontage and outparcels ideal for multifamily development.
    • Adjacent site recently approved for a 288‑unit multifamily project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.1318856
    Latitude
    35.190804

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    FAQs

    What type of property is this?
    Land - 5.46 Acres, High Traffic Area
    Where is this land located?
    The property is located at Washington Post Rd New Bern, NC.
    What are key features of this property?
    This property features: Excellent road frontage and outparcels ideal for multifamily development.; Adjacent site recently approved for a 288-unit multifamily project.;
    Request Owner's contact information
    Washington Post Rd 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

    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
    Washington Post Rd New Bern, NC 28562
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