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    FOR SALE
    Schools

    1217 N Pasteur St, New Bern, NC 28560

    16,000 SF Built 1922
    Property ID
    US53-2291876
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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