0 Tbd Savoy Dr, New Bern, NC 28562
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.