1309 Old Cherry Point Rd New Bern, NC 28560

1,344 SF 2.22 ac lot Built 1958

Entity Owned 9-yr Hold ~ Est. High Equity

Property ID

US53-2715146

$1,150,000 1,344 SF

1309 Old Cherry Point Rd, New Bern, NC 28560
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This exceptional bank-owned property, located at 1309 Old Cherry Point Road in New Bern, North Carolina, presents a unique investment opportunity. Spanning 2.22 acres, the property comprises three buildings totaling 16,752 square feet, offering a versatile mix of warehouse, flex, and retail space. The main warehouse building boasts 14,400 square feet with 12-foot ceiling heights, six overhead doors, concrete floors, and existing office and restroom facilities. A separate 2,352-square-foot, two-story mixed-use building features a ground-floor shop space with a garage door and a second-floor residential area with two bedrooms and a bathroom. Additionally, a 5,400-square-foot greenhouse is included, although it requires a new membrane. The property also includes a fenced, partially graveled storage lot. Conveniently situated just over the bridge from New Bern in James City, this location offers easy access to US-70 (future I-42). The absence of zoning restrictions allows for a wide range of potential uses, including retail, manufacturing, warehousing, and distribution. The property is outside city limits, resulting in only county taxes. The asking price is $1,350,000, translating to $80.59 per square foot. This property offers significant potential for expansion and on-site storage, making it an attractive investment for various business ventures. The property's APN is 7-012-094.