3715 Dr. M.l.k. Jr BlvdNew Bern, NC 28562

Property Details for 3715 Dr. M.l.k. Jr Blvd

Year built

1974

Lot size

1.67 AC

Property size (Sq ft)

15,439 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 1.67-acre commercial property in New Bern, NC, presents a remarkable investment opportunity. Located at a signalized corner on Dr. M.L.K. Jr Blvd, this 15,439 square foot site boasts over 600 feet of frontage and benefits from high visibility and accessibility with multiple points of access from Dr. M.L.K. Jr Blvd and Trent Rd. The property enjoys an average daily traffic count of 26,500 vehicles. Previously utilized as a successful auto dealership, the existing structure features a showroom with ample glass display windows and a dedicated shop area. The C-3 zoning permits a wide range of commercial uses, making it ideal for redevelopment into a variety of retail concepts, including quick-service restaurants (QSR), convenience stores with gas stations, or other retail establishments. Built in 1974, the property is currently vacant and listed at $2,490,000 ($161.28/sq ft). City utilities are in place. Note that a portion of the property lies within a flood zone. The property's location within a 5-mile radius of a population of 39,000 further enhances its desirability. This high-traffic, high-visibility location offers exceptional potential for a discerning investor.

Location Insight

City

New Bern

County

Craven

State

North Carolina

Latitude

35.0953

Longitude

-77.107

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