Property profile

3134 Dr. M.l.k. Jr Blvd New Bern, NC 28562

OFF-MARKET
Retail properties & Spaces
288,808 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 288,808 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3134 Dr. M.l.k. Jr Blvd New Bern, NC 28562
New Bern metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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