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    1309 Old Cherry Point Rd New Bern, NC 28560

    For Sale
    $1,350,000

    16,752 SF, 3 Buildings, Bank Owned

    Property size:
    16,752 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional bank-owned property, located at 1309 Old Cherry Point Road in New Bern, North Carolina, presents a unique investment opportunity. Spanning 2.22 acres, the property comprises three buildings totaling 16,752 square feet, offering a versatile mix of warehouse, flex, and retail space. The main warehouse building boasts 14,400 square feet with 12-foot ceiling heights, six overhead doors, concrete floors, and existing office and restroom facilities. A separate 2,352-square-foot, two-story mixed-use building features a ground-floor shop space with a garage door and a second-floor residential area with two bedrooms and a bathroom. Additionally, a 5,400-square-foot greenhouse is included, although it requires a new membrane. The property also includes a fenced, partially graveled storage lot. Conveniently situated just over the bridge from New Bern in James City, this location offers easy access to US-70 (future I-42). The absence of zoning restrictions allows for a wide range of potential uses, including retail, manufacturing, warehousing, and distribution. The property is outside city limits, resulting in only county taxes. The asking price is $1,350,000, translating to $80.59 per square foot. This property offers significant potential for expansion and on-site storage, making it an attractive investment for various business ventures. The property's APN is 7-012-094.

    Property Features for 1309 Old Cherry Point Rd

    General Information

    Property type
    Self storage facilities
    Square Feet
    16,752 SF
    Lot Size
    96,703 SF

    Building Details

    Buildings
    3

    HighLights

    • Easy access to US‑70 (future I‑42).
    • Near downtown New Bern, NC, but enjoys a non‑city location.
    • Expansion potential and on‑site storage space available.
    • Multiple spaces ready for tenant improvements.
    • Extensive parking.
    • Unrestricted zoning permits diverse uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    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
    -77.0271427
    Latitude
    35.0761199

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    FAQs

    What type of property is this?
    Self storage facility - 16,752 SF, 3 Buildings, Bank Owned
    Where is this self storage facility located?
    The property is located at 1309 Old Cherry Point Rd New Bern, NC.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Easy access to US-70 (future I-42).; Near downtown New Bern, NC, but enjoys a non-city location.; Expansion potential and on-site storage space available.
    Request Owner's contact information
    1309 Old Cherry Point Rd New Bern, NC 28560
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    New Bern, NC 28560
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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
    1309 Old Cherry Point Rd New Bern, NC 28560
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