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    5650 Hwy 17 New Bern, NC 28562

    Sponsored
    For Sale
    $495,000

    20 Acres, Commercial/Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20.64-acre parcel presents a unique opportunity for developers seeking prime land in Craven County, North Carolina. Located on US Highway 17 South in New Bern, this unzoned property boasts incredible visibility from the Highway 17 Bypass, ensuring high traffic exposure for any future development. The land is currently cleared and ready for immediate development, offering flexibility for a variety of uses, including commercial and residential projects. While currently unzoned, potential uses are subject to Craven County ordinances, readily accessible online. Key features include access to City of New Bern water and septic tank accessibility. The property enjoys a strategic location, just one mile from the Highway 17 Bypass and one mile from River Bend, providing convenient access to major transportation routes and amenities. With an annual average daily traffic count of 14,000 vehicles on Highway 17, this location offers unparalleled potential for high visibility and strong returns. The asking price is $495,000, translating to $38,592 per acre. This represents a compelling investment opportunity for those seeking to capitalize on the growth and development potential of this thriving area. Detailed zoning information and regulations can be found on the Craven County website.

    Property Features for 5650 Hwy 17

    General Information

    Property type
    Land
    Lot Size
    899,078 SF

    HighLights

    • 20.64‑acre parcel in Craven County, NC, on US Highway 17 South.
    • High visibility with 14,000 AADT on Highway 17 Bypass.
    • City of New Bern water available.
    • Septic tank accessible.
    • One mile to Highway 17 Bypass and one mile to River Bend.
    • Unzoned; subject to Craven County ordinances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.17339652
    Latitude
    35.07495906

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    FAQs

    What type of property is this?
    Land - 20 Acres, Commercial/Residential Potential
    Where is this land located?
    The property is located at 5650 Hwy 17 New Bern, NC.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 20.64-acre parcel in Craven County, NC, on US Highway 17 South.; High visibility with 14,000 AADT on Highway 17 Bypass.; City of New Bern water available.
    Request Owner's contact information
    5650 Hwy 17 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
    5650 Hwy 17 New Bern, NC 28562
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