2001 S Glenburnie Rd

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2001 S Glenburnie Rd

New Bern, NC 28562
Asking Price
$1.68M
Asset Type
Office
Class
Class B

What's Special

2001 S Glenburnie Road is located in a prominent commercial corridor in New Bern, North Carolina. The surrounding neighborhood is characterized by a mix of professional services, retail centers, and established residential communities. The property is situated near the intersection of Glenburnie Road and Neuse Boulevard, providing direct access to U.S. Route 17 and Highway 70. Nearby amenities include various dining options, financial institutions, and the Carolina East Medical Center, which is located less than two miles away. The building is suited for professional or administrative office use. Its layout and central location make it a functional choice for medical practitioners, legal firms, or insurance agencies seeking proximity to the city's primary business hubs. The asset's visibility and accessible parking also support businesses that require frequent client visits or those serving the local Craven County population.

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NOI
$80,000
Cap Rate
4.77%
DSCR
0.80
Underwater
Cash-on-Cash
-3.88%
Monthly Payment
$8,291.934
Annual Cash Flow
$-19,503.203

Location & Travel Times