For Sale
$780,000

3923 Old Cherry Point RdNew Bern, NC 28560

Established Business, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a well-established auto repair shop and gas station in New Bern, NC. Located on a 1.4-acre lot at 3923 Old Cherry Point Rd, this property boasts 4,128 square feet across two buildings, built in 1986 and renovated in 1993. The property enjoys a prime corner location with frontage on two busy roads, offering excellent visibility and accessibility. With 40 parking spaces and 100% occupancy, this turnkey operation includes all equipment. The business, operating successfully since 1986, benefits from a strong reputation and significant growth potential. An additional building is currently rented, providing extra income and expansion possibilities. The asking price is $780,000, with a 6.00% cap rate. The property is zoned NO ZONING and features APN 7-032-045. This is a rare chance to acquire a thriving business and valuable real estate in a high-growth area. Don't miss this opportunity to own a piece of New Bern's commercial landscape.

Highlights

  • $780,000 asking price for this retail property.
  • 4,128 square foot auto shop and gas station on a 1.4-acre lot.
  • Gross lease, single tenant, 100% occupancy.
  • Two buildings, 40 parking spaces, built in 1986, renovated in 1993.
  • Located at 3923 Old Cherry Point Rd, New Bern, NC 28560, with frontage on two busy roads.
  • 6.00% cap rate.

Property Details for 3923 Old Cherry Point Rd

Property type
Retail properties, Gas stations
Square Feet
4,128 SF
Year Built/Renovated
1986/1993
Buildings
2
Lot Size (sq. ft)
60,984 SF

Location Insight

City
New Bern
County
Craven
State
North Carolina
Latitude
35.042174863021
Longitude
-77.001079269166
3923 Old Cherry Point Rd, New Bern, North Carolina

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3923 Old Cherry Point Rd
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