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    3134 Dr. M.l.k. Jr Blvd New Bern, NC 28562

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, Multiple Units, High Visibility

    Lot size:
    288,808 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The New Bern Mall presents a unique opportunity for businesses seeking high-traffic retail locations. This established commercial property boasts a total of 288,808 square feet and offers multiple tenancy options, making it ideal for a variety of retail concepts. Currently, three spaces are available, ranging in size from 17,000 square feet to a substantial 122,404 square feet, providing flexibility for businesses of all scales. The mall enjoys a highly desirable location in the heart of a thriving retail corridor, strategically positioned directly adjacent to an interstate highway. This prime location ensures exceptional visibility and accessibility for customers. Furthermore, the property benefits from significant frontage along Martin Luther King Jr. Boulevard, a major thoroughfare guaranteeing high pedestrian and vehicular traffic. The property's classification as both "anchor" and "inline" retail space indicates its versatility and potential to attract a diverse range of tenants. This is an exceptional opportunity to establish or expand your business within a well-established and highly visible retail center. The substantial square footage available allows for significant customization and adaptation to suit individual business needs. Interested parties are encouraged to inquire for further details and leasing options.

    Property Features for 3134 Dr. M.l.k. Jr Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    288,808 SF

    Unit(s) available at that property

    Space
    Outparcel
    Size
    122,404 SF
    Space
    Available Space 2
    Size
    69,125 SF
    Space
    Available Space 3
    Size
    17,000 SF

    HighLights

    • Retail, land, and restaurant property totaling 288,808 square feet.
    • Three available retail spaces ranging from 17,000 to 122,404 square feet.
    • Multiple tenancies available.
    • Prime retail location in a high‑traffic corridor directly adjacent to an interstate with significant frontage on MLK Jr. Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.088006487731
    Latitude
    35.10274361693

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, Multiple Units, High Visibility
    Where is this restaurant located?
    The property is located at 3134 Dr. M.l.k. Jr Blvd New Bern, NC.
    What are key features of this property?
    This property features: Retail, land, and restaurant property totaling 288,808 square feet.; Three available retail spaces ranging from 17,000 to 122,404 square feet.; Multiple tenancies available.
    Request Owner's contact information
    3134 Dr. M.l.k. Jr Blvd 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
    3134 Dr. M.l.k. Jr Blvd New Bern, NC 28562
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