12 Acres Dr Mlk Jr Boulevard

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12 Acres Dr Mlk Jr Boulevard

New Bern, NC 28562
Asking Price
$4.20M
Asset Type
Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Special-purpose property located in New Bern, North Carolina
  • Asset spans a total of 12 acres of land
  • Available for sale at an asking price of $4,200,000
  • Strategically positioned near key regional transportation infrastructure
  • Flexible site layout suitable for diverse institutional use cases

What's Special

This special-purpose asset at 12 Acres Dr Mlk Jr Boulevard in New Bern, North Carolina, comprises a 12-acre parcel available for acquisition at $4,200,000. Situated within the expanding economic landscape of the coastal plain region, this site provides significant utility for diverse institutional or commercial requirements. The property benefits from the infrastructure growth found in the New Bern market, which continues to attract steady investment due to its strategic position along the Neuse River and accessibility to major regional transportation corridors. Prospective buyers will find the scale of this location well-suited for a variety of special-purpose use cases. The acreage allows for flexibility in project planning, ranging from institutional facilities to custom commercial developments tailored to meet specific organizational objectives. Its location near primary arterial routes provides necessary connectivity for high-traffic operations or regional service centers, making it a functional addition to a commercial portfolio in eastern North Carolina.

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NOI
$80,000
Cap Rate
1.90%
DSCR
0.32
Underwater
Cash-on-Cash
-13.44%
Monthly Payment
$20,779.308
Annual Cash Flow
$-169,351.701

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