720 Newman Rd - Medical FOR SALE


New Bern, NC 28562
$1,830,000 USD
919-612-6696
720 Newman Rd, New Bern, NC for Sale
$1,830,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

720 Newman Rd
New Bern, NC 28562


HIGHLIGHTS

  • Located in New Bern’s medical district with proximity to major healthcare providers
  • Two Generac generators provide full-building backup power
  • Roof replaced in 2022 and gutters updated in 2024
  • Easy access to Highway 70 and Highway 17 for regional connectivity
  • Ample parking with 30 standard and 4 ADA-compliant spaces

OVERVIEW

Positioned in New Bern’s established medical district, 720 & 722 Newman Road offers a rare opportunity to acquire a fully equipped medical/office building with strong infrastructure and strategic location advantages. The property spans approximately 8,315 square feet on approximately 1.103 acres, and is zoned C-3, allowing for a wide range of commercial uses. Recent capital improvements include a new roof installed in 2022 and updated gutters in 2024, ensuring long-term durability. Two Generac generators (70 KW and 48 KW) provide full-building backup power, a critical feature for medical operations. The site includes 30 standard parking spaces and 4 ADA-compliant spaces, supporting high patient or client volume. Located just off Highway 70 and Highway 17, the property benefits from excellent regional connectivity and proximity to major healthcare providers such as CarolinaEast Medical Center, CCHC Urgent Care, and Coastal Eye Clinic. The surrounding area includes a mix of medical offices, retail amenities, and service providers, creating a synergistic environment for healthcare or professional tenants. With the current lease expiring December 31, 2026, the property offers flexibility for owner-users or investors seeking near-term occupancy. The asking price is $1,830,000, and the building is also available for lease at $19.00 per square foot NNN. This dual offering makes it ideal for buyers evaluating both investment and operational strategies in a growing North Carolina market.

FOR SALE DETAILS

PRICE

$1,830,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

NC3

APN/PARCEL ID

8-212-1-4014

ASK ABOUT THIS PROPERTY

Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

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Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.