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    1221 Hwy 17 New Bern, NC 28562

    Sponsored
    For Sale
    $520,000

    11 Acres, C-3 Zoning, Hwy Frontage

    Property size:
    452,153 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11-acre commercial development site in New Bern, North Carolina, presents a unique investment opportunity. Located at 1221 U.S. Hwy 17 S, this property boasts over 1,500 feet of highway frontage, providing unparalleled visibility and accessibility. The expansive lot, encompassing 452,153 square feet, is zoned C-3, allowing for a wide range of commercial uses. Situated just outside the city limits, this tract benefits from its strategic location within a rapidly growing commercial corridor south of New Bern, offering convenient access to both US Highway 17 and Rocky Run Road. The asking price is $520,000, translating to $1.15 per square foot. The property's APN is 29321. This prime location and flexible zoning make it ideal for a variety of commercial ventures, promising significant return on investment. Don't miss this chance to secure a prominent position in a thriving market. The property is situated in Craven County, North Carolina, with a zip code of 28562. Its coordinates are 35.0852432 latitude and -77.1490721 longitude.

    Property Features for 1221 Hwy 17

    General Information

    Property type
    Land
    Square Feet
    452,153 SF
    Lot Size
    479,160 SF

    HighLights

    • $520,000 asking price.
    • 11‑acre commercial development site.
    • 452,153 square feet.
    • $1.15 per square foot.
    • C‑3 zoning.
    • 1,500 feet of highway frontage on US Hwy 17 S.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.1490721
    Latitude
    35.0852432

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    FAQs

    What type of property is this?
    Land - 11 Acres, C-3 Zoning, Hwy Frontage
    Where is this land located?
    The property is located at 1221 Hwy 17 New Bern, NC.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: $520,000 asking price.; 11-acre commercial development site.; 452,153 square feet.
    (252) 226-9818
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    1221 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
    1221 Hwy 17 New Bern, NC 28562
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