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    1026 Broad St New Bern, NC 28560

    Sponsored
    For Sale
    $125,000

    Prime location, 0.25-acre lot, parking potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.25-acre commercial lot is situated at the highly desirable corner of Broad and Kilmarnock Streets in the heart of downtown New Bern, North Carolina. Its prime location offers unparalleled visibility and accessibility, making it an ideal investment opportunity for a variety of uses. Currently, the lot is being offered in conjunction with the adjacent 3700 square foot building shell at 1030 Broad Street (separate ownership) and presents a unique chance to secure ample parking for a business or development project. The property's address is 1026 Broad Street, New Bern, NC 28560, within Craven County. The asking price for this strategically positioned lot is $125,000. Its central location places it within easy reach of the vibrant downtown area's restaurants and bars, ensuring high foot traffic and potential for strong returns. The absence of existing structures on the lot allows for maximum flexibility in development plans. This is a rare opportunity to acquire a key piece of real estate in a thriving downtown area. Don't miss out on this chance to capitalize on the growth and potential of New Bern's dynamic commercial sector.

    Property Features for 1026 Broad St

    General Information

    Property type
    Land
    Lot Size
    10,890 SF

    HighLights

    • 0.25‑acre commercial lot at 1026 Broad Street, New Bern, NC 28560.
    • Prime corner location at Broad & Kilmarnock Streets in downtown New Bern.
    • $125,000 asking price.
    • High visibility and accessibility, ideal for various uses.
    • Ample parking potential, offered with adjacent building shell (separate ownership).
    • No existing structures, allowing for flexible development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -77.050278
    Latitude
    35.108459

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    FAQs

    What type of property is this?
    Land - Prime location, 0.25-acre lot, parking potential.
    Where is this land located?
    The property is located at 1026 Broad St New Bern, NC.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 0.25-acre commercial lot at 1026 Broad Street, New Bern, NC 28560.; Prime corner location at Broad & Kilmarnock Streets in downtown New Bern.; $125,000 asking price.
    Request Owner's contact information
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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
    1026 Broad St New Bern, NC 28560
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