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3861 Martin Luther King Jr Blvd 1.97 Acres of Commercial Land Offered at $978,012 CAD in New Bern, NC 28562
Investment Highlights
- Located along Dr. MLK Jr. Boulevard, one of New Bern’s most heavily traveled retail corridors.
- Daily traffic counts reaching approximately 25,500 vehicles.
- Easily accessible from surrounding neighborhoods and major employment centers.
- Positioned at a signalized intersection ensuring maximum visibility and convenient access.
- National co-tenancy with Tractor Supply Co. and Harbor Freight Tools enhancing consumer draw.
- Conceptual plans available for a 7,400 SF building development.
Executive Summary
Positioned between Tractor Supply Co. and Harbor Freight Tools, the property benefits from strong national co-tenancy and immediate access to an established cluster of retail uses. The parcel boasts excellent visibility with full-motion ingress and egress from the lighted intersection. Its strategic proximity to neighborhoods, leading businesses, and employment hubs maximizes customer reach, creating long-term value for developers and owner-users alike.
Property Facts
| Price | $978,012 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.97 AC |
| Property Type | Land | ||
| Zoning | C-3 - Commercial | ||
| Price | $978,012 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.97 AC |
| Zoning | C-3 - Commercial |
1 Lot Available
Lot
| Price | $978,012 CAD | Lot Size | 1.97 AC |
| Price Per AC | $496,452.81 CAD |
| Price | $978,012 CAD |
| Price Per AC | $496,452.81 CAD |
| Lot Size | 1.97 AC |
Prime commercial parcel on Dr. Martin Luther King Jr. Blvd in New Bern. Signalized intersection, 25,500 AADT, strong national co-tenancy, and excellent visibility. Ideal for retail, restaurant, service, or automotive uses.
Description
The subject property consists of a commercial land parcel located along Dr. Martin Luther King Jr. Boulevard in New Bern, North Carolina. It is situated at a signalized intersection in a well-established commercial corridor and positioned between two national retailers: Tractor Supply Co. and Harbor Freight Tools. The location experiences a reported average daily traffic count of approximately 25,500 cars and is surrounded by a mixture of retail establishments, local businesses, and nearby residential neighborhoods. The parcel has direct frontage on Dr. Martin Luther King Jr. Boulevard with multiple access points from the intersection.
Property Taxes
| Parcel Number | 8-207-17001 | Improvements Assessment | $0 CAD |
| Land Assessment | $453,695 CAD | Total Assessment | $453,695 CAD |
Property Taxes
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3861 Martin Luther King Jr Blvd
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