Property profile

208 Drummond Pl New Bern, NC 28562

OFF-MARKET
Land
Property ID
US53-3717894
0.62 ac lot
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Property summary

AI-generated overview

This exceptional 0.62-acre commercial lot, located at 208 Drummond Place in New Bern, North Carolina, presents a unique opportunity for development. Situated in the desirable Governors Mill neighborhood, this cul-de-sac lot boasts a prime location offering convenient access to New Bern's vibrant restaurants, shopping centers, medical facilities, and local attractions. The property features maintained, paved, public road frontage, ensuring easy accessibility. The asking price is $50,000, translating to approximately $80,645.16 per acre. The lot is zoned for commercial use (APN: 8-205-4-038) and is available for cash purchases or financing options including construction-to-perm loans. There are no homeowner's association fees. This property offers significant potential for a variety of commercial ventures, making it an attractive investment in a thriving North Carolina community. The property is located in Craven County, NC, zip code 28562, with GPS coordinates 35.086179 latitude and -77.162777 longitude.

Property profile

Verified
Property type Land
Lot 0.62 ac (27,007 SF)
UPID US53-3717894

Cap rate & NOI

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

Location

208 Drummond Pl New Bern, NC 28562
New Bern metro
Google Maps

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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