3156 Dr, New Bern, NC 28562
This exceptional 5.2-acre commercial land parcel presents a unique investment opportunity in New Bern, North Carolina. Strategically located at 3156 Dr. Mlk Jr. Blvd, this property boasts unparalleled visibility from Highway 70, a major thoroughfare slated for future I-42 expansion, ensuring high traffic volume and significant exposure for any business. The property is conveniently adjacent to the Twin Rivers Mall (former K-Mart location), providing immediate proximity to existing retail and consumer traffic. Zoned C-3, this versatile land allows for a wide range of commercial uses, including office, retail, and even residential developments, subject to local regulations. There are no restrictions on the type of business that can be established, offering considerable flexibility to prospective buyers. While on-site water retention is a requirement, this presents an opportunity for creative landscaping and site design. The property's size and location make it ideal for various ventures, such as recreational facilities, medical offices, car or boat sales dealerships, or public service buildings. This is a rare chance to acquire a substantial commercial tract in a thriving area with excellent access and high visibility. The property's address is 3156 Dr. Mlk Jr. Blvd, New Bern, NC 28562, in Craven County.
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.