$1,945,000 USD
919-986-0363
1904-1918 Dr. Martin Luther King Jr. Blvd
New Bern, NC 28560
Downtown New Bern
OVERVIEW
8.34% CAP Opportunity Located in NEW BERN NC with Value Add potential
LOCATION
Located in NEW BERN NC
On DR MLK JR BLVD (+/-18,000 VPD)
INFO
11,665 SF
1.08AC & 0.28AC (2 Parcels)
7 Tenant (100% Occupied)
Built 1970
PRICING
$1,945,000 List Price
$166.73 Price Per SF
8.34% Cap Rate (Based on In Place Income)
Proforma Cap Rate: 10.65% (Yr 5)
Please reach out to Patrick Anderson for more info.
Patrick Anderson
Principal
Property Resources
919 986 0363
FOR SALE DETAILS
PRICE
$1,945,000 USD
PRICE/SF
$167 USD /SF
CAP RATE
8.34%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
8.34% Cap Strip Center -New Bern
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Restaurant, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
66
LAND DETAILS
LAND ACRES
1.36 AC
LAND SF
59,242 SF
ZONING
NC3
APN/PARCEL ID
8-023-010,8-023-011
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919-986-0363
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919-986-0363
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