3715 M L King Jr Blvd - Auto Dealership FOR SALE


New Bern, NC 28562
$2,490,000 USD
252-670-9590
3715 M L King Jr Blvd, New Bern, NC for Sale
$2,490,000 USD
Auto Dealership - FOR SALE
1/28
null | Request Cap Rate

3715 M L King Jr Blvd
New Bern, NC 28562


HIGHLIGHTS

  • 26,500 AADT
  • Signalized Corner
  • 39,000 Population within 5 mi drive
  • High Visibility with multiple points of access
  • Generous Commercial Zoning for most uses
  • City Utilities in place

OVERVIEW

This impressive 1.67 acre property has played host to successful auto dealerships for decades, featuring a showroom with ample glass display windows and shop for automotive work. Situated at a signalized corner, the property boasts over 600 ft of frontage on Dr. MLK Jr Blvd, which sees an average daily traffic of 26,500 vehicles. With multiple points of access from Dr. MLK Jr Blvd and Trent Rd, this prime piece of real estate offers exceptional ingress/egress for customers. Ideally suited for auto or equipment dealership, the property also provides the perfect opportunity for redevelopment. Its high traffic and visibility makes it an extremely desirable location for Retail, QSR, C-Store/Gas Station and more. Commercial C-3 Zoning allows for a wide variety of commercial uses.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

C-3

APN/PARCEL ID

8-211-022

ASK ABOUT THIS PROPERTY

Josh TaylorSVN | Efird Commercial Real EstateMore Info
252-670-9590

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Josh TaylorSVN | Efird Commercial Real EstateMore Info
252-670-9590

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.