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    OFF-MARKET
    Land

    3156 Dr, New Bern, NC 28562

    5.2 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 5.2 ac (226,512 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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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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