0 Dr. M.l.k. Jr BlvdNew Bern, NC 28562

This exceptional 103.7-acre mixed-use development opportunity in New Bern, North Carolina, is ideally situated on Dr. M.L. King Jr. Blvd, a major commercial thoroughfare. Zoned C4, this property offers significant potential for a variety of residential and commercial uses. Detailed due diligence, including wetlands delineation, a Phase 1 environmental assessment, traffic studies, and soil evaluations, has already been completed and is available for review. Engineering estimates suggest the land could accommodate approximately 550 homes, with the asking price reflecting an approximate cost of $14,000 per lot. The property boasts existing water and sewer capacity for around 350 single-family units, with potential for expansion through upgrades to existing lift stations or connection to a new sewer line planned for Highway 43 within a year. Conveniently located near New Bern High School and Ben D Quinn Elementary School, and just one mile from the Harris Teeter shopping center, this site benefits from excellent access and visibility. The property is not located in a flood hazard zone and has existing Duke Power service. A new easement will provide access to Highway 17 Business via Tomlinson Blvd and Creeping Phlox Drive. Its proximity to the planned Highway 43 connector further enhances its desirability. While surrounded by city limits, the city has indicated a willingness to facilitate voluntary annexation. Currently zoned R-6 in the extraterritorial jurisdiction (ETJ), the property allows for high-density single-family homes, townhouses, or apartments. This is arguably the best available large-scale development land currently on the market in New Bern.