3845 North Carolin

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3845 North Carolin

New Bern, NC 28562
Asking Price
$1.10M
Asset Type
Retail
Class
Class B

What's Special

3845 North Carolina Highway 17 is situated in the northern corridor of New Bern, a region characterized by a mix of established residential neighborhoods and expanding commercial development. The property sits along a primary regional artery, providing direct connectivity to downtown New Bern and the broader Crystal Coast region. Surrounding amenities include local service providers, dining options, and proximity to major retailers. The location benefits from high visibility and consistent daily traffic counts, with convenient ingress and egress for commuters traveling via Highway 17 and nearby accessible routes. This retail asset is well-suited for businesses requiring accessible storefront space and regional brand exposure. Ideal use cases include neighborhood service centers, specialty retail shops, or professional office suites. The property’s layout and location attract a diverse tenant profile ranging from local entrepreneurs to regional franchises seeking to capture the growing demographic of Craven County. Given the surrounding residential density, the site is particularly viable for essential goods providers, fitness studios, or quick-service food outlets looking to serve both local residents and regional travelers.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

Location & Travel Times