3715 Dr. M.l.k. Jr Blvd New Bern, NC 28562
- Retail properties
- 15,439 SF
- 1.67 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3715 Dr. M.l.k. Jr Blvd
- Year built
- 1974
- Lot size
- 1.67 lot acres
- Property size
- 15,439 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional 1.67-acre commercial property in New Bern, NC, presents a remarkable investment opportunity. Located at a signalized corner on Dr. M.L.K. Jr Blvd, this 15,439 square foot site boasts over 600 feet of frontage and benefits from high visibility and accessibility with multiple points of access from Dr. M.L.K. Jr Blvd and Trent Rd. The property enjoys an average daily traffic count of 26,500 vehicles. Previously utilized as a successful auto dealership, the existing structure features a showroom with ample glass display windows and a dedicated shop area. The C-3 zoning permits a wide range of commercial uses, making it ideal for redevelopment into a variety of retail concepts, including quick-service restaurants (QSR), convenience stores with gas stations, or other retail establishments. Built in 1974, the property is currently vacant and listed at $2,490,000 ($161.28/sq ft). City utilities are in place. Note that a portion of the property lies within a flood zone. The property's location within a 5-mile radius of a population of 39,000 further enhances its desirability. This high-traffic, high-visibility location offers exceptional potential for a discerning investor.
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
- -77.107
- Latitude
- 35.0953
