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Warehouse | Retail | Flex | 2.22 ac 1309 Old Cherry Point Rd 23,440 SF 29% Leased Flex Building New Bern, NC 28560 $1,605,308 CAD ($68.49 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Convenient to US-70 (future I-42)
  • Room for expansion or onsite storage
  • No zoning allowing for a wide range of uses
  • Close to downtown New Bern, NC but outside city limits
  • Multiple improvements ready for upfit
  • Recently cleaned out; ready for immediate utilization

EXECUTIVE SUMMARY

1309 Old Cherry Point Rd most recently was the New Bern Farm, Garden and Landscaping store. With good visibility from US-70, which will soon be Interstate 42, and just over the bridge from New Bern, the location is very attractive. It consists of 2.22 acres and 16,752 sf of improvements leaving lots of room for expansion or on-site storage. The property is just outside New Bern city limits, and because Craven County does not have comprehensive zoning regulations, this allows for liberal flexibility in the type of use here. In addition to retail, hospitality & multi-family, the property would also support distribution, light industrial, warehousing etc.
1309 Old Cherry Point Road is 2.22 acres and consists of a warehouse building, mixed use building and greenhouse buildings. There is also a level and cleared storage lot behind the main warehouse building that is partially graveled and enclosed with chain link security fencing.
• Warehouse: 14,400 sf with current ceiling heights of 12’ to the bottom of the HVAC duct work in the main part of the building. Current build out includes (2) public restrooms, (1) private restroom, (2) offices and a storage room. These improvements utilize 1,400 sf leaving 13,000 sf of open space. Concrete floors throughout. There are (6) garage doors in the building.
• Mixed use building: 2,352 sf two story. Ground floor is 1,344 sf and has most recently been used as a small engine repair shop. It has a garage bay with an 8’x8’ garage door. 2nd floor is a residential space occupying 1,008 sf. It has (1) ¾ bath, 2 bed rooms, combined kitchen, and laundry, dining room and living room. Accessed by exterior metal staircase.
• Greenhouse: 5,400 sf needs new membrane. Includes propane heater and air movers (unknown condition).

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,605,308 CAD
Price Per SF $68.49 CAD
Sale Type Investment or Owner User
Sale Condition REO Sale
Property Type Flex
Property Subtype
Light Manufacturing
  • General Retail Garden Centre
  • Industrial Distribution
  • Industrial Warehouse
Building Class C
Lot Size 2.22 AC
Rentable Building Area 23,440 SF
No. Stories 1
Year Built 1996
Clear Ceiling Height 12’
No. Drive In / Grade-Level Doors 6
Zoning None - Allows for a wide range of uses

AMENITIES

  • Fenced Lot
  • Yard
  • Storage Space

UTILITIES

  • Lighting - Fluorescent
  • Gas - Natural
  • Water
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7-012-094
Land Assessment
$464,841 CAD
Improvements Assessment
$472,938 CAD
Total Assessment
$937,779 CAD
  • Listing ID: 31446085

  • Date on Market: 2024-04-08

  • Last Updated:

  • Address: 1309 Old Cherry Point Rd, New Bern, NC 28560

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