Property profile

0 Tbd Savoy Dr New Bern, NC 28562

OFF-MARKET
Land
98.4 ac lot
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Property summary

AI-generated overview

This exceptional 98.4-acre parcel presents a unique investment opportunity in Craven County, North Carolina. Located just off US Highway 70 and the US Highway 43 connector, this largely wooded property offers unparalleled access and visibility. Currently unzoned and outside city limits, this land is ideal for future commercial or residential development, providing significant flexibility for the buyer. The sale includes two parcels, totaling slightly more than 98 acres, and boasts a compelling price per acre of $23,018.29. The property's strategic location benefits from proximity to the burgeoning West New Bern development across US Highway 70. Furthermore, the North Carolina Department of Transportation has plans to extend the US Highway 43 connector to US Highway 17, with the new road situated between these two parcels, promising increased accessibility and value appreciation. The APN is 8-210-23001. This is a rare chance to acquire a substantial tract of land in a rapidly growing area with excellent infrastructure and future development potential. The asking price for this significant land holding is $2,265,000.

Property profile

Verified
Property type Land
Lot 98.4 ac (4,286,304 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Tbd Savoy Dr New Bern, NC 28562
New Bern metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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