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300 Washington Post Rd - 5.5 +/- AC. in City of New Bern 5.46 Acres of Commercial Land in New Bern, NC 28560

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INVESTMENT HIGHLIGHTS

  • Gateway property to 288 unit multifamily project currently under construction
  • Corner lot on NC-43
  • 18,500+ Traffic Count (2022)
  • High growth area of New Bern

EXECUTIVE SUMMARY

This parcel is a gateway to a 29-acre site, 288-unit multifamily project currently under construction.
Situated on approximately 5.46 acres of land with frontage on Washington Post Road/NC Highway 43, this property offers an exceptional location for commercial, residential, or mixed-use development.
With an Average Annual Daily Traffic (AADT) count of 18,500 vehicles in 2022, and to rapidly increase with the opening of the new apartments, this property has exposure for future development.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Apartment Units
  • Carwash
  • Self Storage
Total Lot Size 5.46 AC
Zoning R-8 - Residential

1 LOT AVAILABLE

Lot

Lot Size 5.46 AC

5.46+/- acres of frontage on Washington Post Road/NC HWY 43 Gateway property to 288 unit multifamily project currently under construction AADT 2022: 18,500

DESCRIPTION

-5.46+/- acres of frontage on Washington Post Road/NC HWY 43 -Gateway property to 288 unit multifamily project currently under construction -AADT 2022: 18,500 - Intersection of NC Hwy 43 & 55 -Zoned R-8

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8-216-19000
Land Assessment
$1,820
Improvements Assessment
$0
Total Assessment
$1,820
  • Listing ID: 28430274

  • Date on Market: 5/8/2023

  • Last Updated:

  • Address: 300 Washington Post Rd, New Bern, NC 28560

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