Property summary
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.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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