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    Gray Fox Rd Havelock, NC 28532

    Sponsored
    For Sale
    $1,700,000

    240-unit apartment complex, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 240-unit apartment building situated on a substantial 36.42-acre lot in Havelock, North Carolina. The property, classified as Class A, is zoned RM and boasts a prime location just one block from US Highway 70 East, offering convenient access to the Atlantic Ocean towns. The site is strategically positioned near Cherry Point Marine Corps Air Station, benefiting from the consistent demand for housing driven by the base's expansion and the influx of active-duty personnel and civilian contractors. The property's proximity to New Bern and Morehead City further enhances its appeal. Approximately 18 acres are designated for multifamily development, allowing for the construction of a 240-unit apartment complex with amenities or single-family homes. An additional 6.4 acres are located in Railroad Row, while a 6.6-acre parcel on the opposite side of the railroad tracks lacks legal access. The seller is currently developing self-storage units on adjacent light industrial lots. Utilities including water, sewer, and electric are readily available on Belltown Road. The property is across the street from the Fox Ridge Court subdivision. The Craven County location offers a substantial population base of 100,874 residents. This presents a compelling investment opportunity in a high-demand area experiencing significant population growth and a strong need for multifamily housing. The property's APN is 6-057-004. The asking price is $1,700,000.

    Property Features for 0 Gray Fox Rd

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    1,586,455 SF

    Building Details

    Units
    240

    HighLights

    • 240‑unit Class A apartment building on a 36.42‑acre lot in Havelock, NC.
    • Prime location one block from US Highway 70 East, providing easy access to Atlantic Ocean towns.
    • Strategic proximity to Cherry Point Marine Corps Air Station, benefiting from high demand for housing due to base expansion.
    • Located near New Bern and Morehead City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.9090634
    Latitude
    34.8680179

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    FAQs

    What type of property is this?
    Multifamily property - 240-unit apartment complex, prime location.
    Where is this multifamily property located?
    The property is located at Gray Fox Rd Havelock, NC.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 240-unit Class A apartment building on a 36.42-acre lot in Havelock, NC.; Prime location one block from US Highway 70 East, providing easy access to Atlantic Ocean towns.; Strategic proximity to Cherry Point Marine Corps Air Station, benefiting from high demand for housing due to base expansion.
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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.

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    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
    Gray Fox Rd Havelock, NC 28532
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