1904 Dr. M.L.K. Jr Blvd

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

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 along a high-traffic commercial corridor in New Bern, North Carolina. The surrounding neighborhood is characterized by a mix of established retail centers, quick-service restaurants, and professional offices. The property benefits from its proximity to major local anchors and healthcare facilities, providing consistent visibility and foot traffic. Access to the site is facilitated by the boulevard’s direct connection to Highway 17 and Highway 70, serving as a primary thoroughfare for commuters and residents traveling through the coastal Carolina region. This retail asset is suited for businesses seeking a high-exposure storefront with versatile floor plan possibilities. Ideal use cases include boutique retail, specialty services, or local franchise operations. The location’s demographic profile and accessibility make it a strategic fit for tenants such as medical offices, hardware suppliers, or consumer goods providers. The property’s positioning within a developed business district supports a variety of commercial enterprises looking to establish or expand their presence in the regional New Bern market.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

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

Location & Travel Times