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Property profile & analytics
OFF-MARKET
Land

870 Nc-55 New Bern, NC 28562

32.62 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 32.62-acre parcel presents a remarkable opportunity for residential development in the thriving New Bern, North Carolina market. Located at 870 NC-55, Craven County, zip code 28562 (35.151901, -77.123354), this property is zoned R-6, allowing for significant density. Conceptual plans suggest the potential for up to 158 residential units, making it ideal for a build-for-rent community or a large-scale residential project. The land is conveniently situated within five miles of New Bern's largest employers, offering residents easy access to employment opportunities. Furthermore, its proximity to key infrastructure is a significant advantage. It's just six miles from the vibrant downtown New Bern area, three miles from Highway 70 (future Interstate 42), and three miles from the Craven County Industrial Park. Recreational amenities are also nearby, with Martin Marietta Recreational Park located only 3.5 miles away. Water and sewer services are readily available, streamlining the development process. New Bern boasts a strong population growth trend, making this a highly attractive investment prospect. The asking price for this prime development land is $865,000.

Property profile
Verified
Property type Land
Lot 32.62 ac (1,420,927 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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