3715 M L King Jr Blvd

3715 M L King Jr Blvd , New Bern, North Carolina, 28562 | 15,439 sq.f | $ 3,100,000

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About This Restaurant

Investment Highlights

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

Executive Summary

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.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Auto Dealership Auto Dealership General Retail Convenience Store General Retail Fast Food General Retail Freestanding Auto Dealership
  • Building Size    15,439
  • Year Built    1974
  • Price    3,100,000
  • Price Per SF    201
  • Percent Leased    100
  • Building Height    1 Story
  • Building FAR    0.21
  • Land Acres    1.67 AC

Nearby Amenities & Transportation

Retail Harris Teeter
Retail Starbucks
Retail Wingstop
Retail ALDI
Retail Publix
Retail Mcalister's Deli
Retail PNC Bank
Retail IHOP
Retail First Citizens Bank
Retail Applebee's

Property Taxes

Parcel Number 8-211-022 Improvements Assessment $417,500
Land Assessment $876,000 Total Assessment $1,293,500
Date Created: 2024-07-16 04:16:23 Last Updated: 2024-07-16 04:16:23
Address: 3715 M L King Jr Blvd , New Bern, North Carolina, 28562