138 Pirates Rd

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138 Pirates Rd

New Bern, NC 28562
Asking Price
$50000.13M
Asset Type
Land
Class
Class B

What's Special

138 Pirates Road is situated in the James City area of New Bern, North Carolina, positioned just south of the Trent River. The property is located in a transitional corridor characterized by a mix of residential subdivisions and light commercial services. The site offers immediate proximity to U.S. Route 70, providing a direct transit link to the Coastal Carolina Regional Airport and the downtown historic district. Local amenities include nearby retail centers, professional offices, and maritime-related facilities common to the Neuse River basin. The site is suited for development aligned with its suburban-commercial setting. Potential use cases include professional office complexes, medical suites, or small-scale retail centers intended to serve the surrounding residential population. An ideal tenant profile would encompass local service providers, regional franchise operators, or developers seeking to capitalize on the increasing traffic counts along the U.S. 70 arterial. The parcel remains a functional option for businesses requiring visibility and accessibility within the New Bern trade area.

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NOI
$80,000
Cap Rate
0.00%
DSCR
0.00
Underwater
Cash-on-Cash
-19.79%
Monthly Payment
$247.4M
Annual Cash Flow
$-2,968,400,049.737

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