2 Savoy Dr New Bern, NC 28562
- Land
- 52.20 lot acres
Current Use by Public Records
- Land
Property Details for 2 Savoy Dr
- Lot size
- 52.20 lot acres
- Property type
- Land
Description
This exceptional 52.2-acre parcel presents a remarkable investment opportunity in New Bern, North Carolina. Situated just off US Highway 70 and the US Highway 43 connector, this undeveloped wooded land boasts a prime location ideal for future residential and/or commercial development. Currently outside city limits and unzoned, the property offers significant potential. The sale includes one parcel, with an option to purchase an additional 46.2 acres. This strategic location benefits from the North Carolina Department of Transportation's planned extension of the US 43 Highway connector to US Highway 17, significantly increasing road frontage. The projected road will run between this parcel and the adjacent 46.2 acres. Across US Highway 70 lies the West New Bern development, further enhancing the property's value and potential. The property currently has 450 feet of road frontage, estimated to increase to 3,884 feet upon completion of the US 43 Highway connector. Buyers are responsible for determining utility entitlements. The asking price is $1,201,000, translating to approximately $23,007.66 per acre. Don't miss this chance to acquire a substantial tract of land with exceptional growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Bern
- County
- Craven
- State
- North Carolina
- Longitude
- -77.1461
- Latitude
- 35.1103
