1904 Dr. M.L.K. Jr Blvd

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1904 Dr. M.L.K. Jr Blvd

New Bern, NC 28560
Asking Price
$1.95M
Asset Type
Retail
Class
Class B

What's Special

1904 Dr. M.L.K. Jr Blvd is situated in a prominent commercial corridor in New Bern, North Carolina. The property is positioned within a high-traffic area characterized by a mix of established retail centers, quick-service restaurants, and professional offices. Nearby amenities include national brand retailers and the Twin Rivers Mall shopping district, providing a steady draw of regional consumers. The location offers direct access to Highway 17 and is conveniently located near the intersection of Highway 70, facilitating efficient transportation links to the broader Crystal Coast region and downtown New Bern. This retail asset is suited for businesses seeking high visibility and consistent vehicular traffic. Ideal use cases include boutique retail shops, specialty service providers, or small-scale showrooms. The typical tenant profile for this location consists of local or regional businesses that benefit from being adjacent to major commercial hubs and residential neighborhoods. With its road-front presence and accessible layout, the property supports a variety of commercial applications ranging from service-oriented firms to traditional consumer retail stores looking to capitalize on the area’s established economic activity.

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NOI
$80,000
Cap Rate
4.11%
DSCR
0.69
Underwater
Cash-on-Cash
-6.08%
Monthly Payment
$9,622.799
Annual Cash Flow
$-35,473.585

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