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1904-1918 Dr. Martin Luther King Jr. Blvd 11,665 SF 100% Leased Retail Building New Bern, NC 28560 $1,945,000 ($166.74/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner Lot
- 8% Cap
- Multi Tenant
- High Traffic
EXECUTIVE SUMMARY
8% CAP Opportunity Located in NEW BERN NC
*LOCATION
Located in NEW BERN NC
On MLK JR BLVD (+/-9,500VPD)
*INFO
11,665 SF
7 Tenant (100% Occupied)
Built 1970
*PRICING
$1,945,825 List Price
$166.81 Price Per SF
8% Cap Rate (Based on In Place Income)
Patrick Anderson
Principal
Property Resources
919 986 0363
*LOCATION
Located in NEW BERN NC
On MLK JR BLVD (+/-9,500VPD)
*INFO
11,665 SF
7 Tenant (100% Occupied)
Built 1970
*PRICING
$1,945,825 List Price
$166.81 Price Per SF
8% Cap Rate (Based on In Place Income)
Patrick Anderson
Principal
Property Resources
919 986 0363
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
11,665 SF
Building Class
B
Year Built
1970
Price
$1,945,000
Price Per SF
$166.74
Cap Rate
8%
NOI
$155,666
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.08 AC
Zoning
NC3 - Neighborhood Commercial
Parking
66 Spaces (5.66 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $593,700 | |
| Land Assessment | $442,000 | Total Assessment | $1,035,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$442,000
Improvements Assessment
$593,700
Total Assessment
$1,035,700
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1904-1918 Dr. Martin Luther King Jr. Blvd
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