126 River RdVanceboro, NC 28586

Property Details for 126 River Rd

Year built

1972

Lot size

3.37 AC

Property size (Sq ft)

856 SF

Property type

Office properties

APN

1-039 -001

APU

1039001

Description

This exceptional commercial property, located at 126 River Rd, Vanceboro, NC 28586, presents a fantastic investment opportunity. The single-story, 856 square foot office building sits on a generous 3.37-acre lot, offering significant expansion potential. Built in 1972, this move-in ready space is conveniently situated between Highway 70 and Highway 17, providing excellent accessibility. The asking price is $239,000, translating to $279.21 per square foot. The property's location in Craven County, just outside New Bern, NC, makes it ideal for a variety of businesses. The ample land provides room for growth and future development, making this a truly versatile commercial offering. This is a rare chance to acquire a well-located, established office building with substantial acreage, perfect for an owner-occupier or investor seeking a strong return. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $207,489

  6.5%

  $191,529

  7%

  $177,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,602

  Geo Method

  $196,486

• Alternative Use

  Use

  Valuation

  Residential

  $237,495

  Hospitality

  $217,545

  Educational

  $180,994

  Medical

  $187,219

  Retail

  $281,547

Location Insight

City

Vanceboro

County

Craven

State

North Carolina

Latitude

35.2185

Longitude

-77.1212

CBSA code

35100

CBSA name

NEW BERN, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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