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    OFF-MARKET
    Land

    0 Tbd Savoy Dr, New Bern, NC 28562

    98.4 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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