Property profile

1217 N Pasteur St New Bern, NC 28560

FOR SALE
Schools
Property ID
US53-2291876
16,000 SF Built 1922
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Property summary

AI-generated overview

Welcome to an extraordinary piece of history, located in the heart of New Bern's coveted Riverside Historic District. Built in 1922, this original school building with Spanish Revival details was once credited as the first "fire resistant" school in Eastern NC, boasting a remarkably enduring structure that still stands strong to this day. As a former school, this property has a rich educational history and operated until the mid 1970s. Later, it became home to the Dane School and most recently occupied by the Ephesus Seventh Day Adventist Church. Admire the features that make most historic buildings unique, including the original brickwork, large windows, and high ceilings. The possibilities for transforming this space into an Residence, Multifamily/STR, or unique commercial venue are endless. Located just one block away from Maola at Riverside, which is a highly sought-after waterfront venue that frequently hosts weddings, banquets, galas, and other special events, this property offers both privacy and accessibility. Don't miss out on the chance to own a piece of North Carolina's illustrious history. Contact the broker for a private tour today and witness the charm and character of a bygone era, with endless possibilities for modern-day use.

Property profile

Verified
Property type Schools
Year built 1922
Total area 16,000 SF
UPID US53-2291876

Cap rate & NOI

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

Location

1217 N Pasteur St New Bern, NC 28560
New Bern metro
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Value estimations

Realmo proprietary · 4 methods
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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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