3134 Dr. M.l.k. Jr Blvd, New Bern, NC 28562
The New Bern Mall presents a unique opportunity for businesses seeking high-traffic retail locations. This established commercial property boasts a total of 288,808 square feet and offers multiple tenancy options, making it ideal for a variety of retail concepts. Currently, three spaces are available, ranging in size from 17,000 square feet to a substantial 122,404 square feet, providing flexibility for businesses of all scales. The mall enjoys a highly desirable location in the heart of a thriving retail corridor, strategically positioned directly adjacent to an interstate highway. This prime location ensures exceptional visibility and accessibility for customers. Furthermore, the property benefits from significant frontage along Martin Luther King Jr. Boulevard, a major thoroughfare guaranteeing high pedestrian and vehicular traffic. The property's classification as both "anchor" and "inline" retail space indicates its versatility and potential to attract a diverse range of tenants. This is an exceptional opportunity to establish or expand your business within a well-established and highly visible retail center. The substantial square footage available allows for significant customization and adaptation to suit individual business needs. Interested parties are encouraged to inquire for further details and leasing options.
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
Similar Nearby for Sale
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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.