1221 Hwy 17, New Bern, NC 28562
This exceptional 11-acre commercial development site in New Bern, North Carolina, presents a unique investment opportunity. Located at 1221 U.S. Hwy 17 S, this property boasts over 1,500 feet of highway frontage, providing unparalleled visibility and accessibility. The expansive lot, encompassing 452,153 square feet, is zoned C-3, allowing for a wide range of commercial uses. Situated just outside the city limits, this tract benefits from its strategic location within a rapidly growing commercial corridor south of New Bern, offering convenient access to both US Highway 17 and Rocky Run Road. The asking price is $520,000, translating to $1.15 per square foot. The property's APN is 29321. This prime location and flexible zoning make it ideal for a variety of commercial ventures, promising significant return on investment. Don't miss this chance to secure a prominent position in a thriving market. The property is situated in Craven County, North Carolina, with a zip code of 28562. Its coordinates are 35.0852432 latitude and -77.1490721 longitude.
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
Similar Nearby for Lease
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.