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3706 M L King Jr Blvd - New Bern Retail Corridor Site 14.5 Acres of Commercial Land Offered at $4,500,000 in New Bern, NC 28562



Investment Highlights
- Size: 14.5 acres (approximately 11.4 acres uplands).
- Premier Location: Located on Dr. MLK Blvd in New Bern’s top retail corridor.
Executive Summary
High Visibility: Adjacent to Royal Farms with excellent frontage and access. Trac Counts: Over 20,000 vehicles daily in one of New Bern’s busiest areas.
Property Facts
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 14.50 AC |
| Price Per AC | $310,344.83 |
| Price | $4,500,000 |
| Price Per AC | $310,344.83 |
| Lot Size | 14.50 AC |
Size: 14.5 acres (approximately 11.4 acres uplands).
Description
Premium 14.5-acre parcel ideally positioned in the heart of New Bern’s most attractive retail corridor. Located along the high-trac Dr. Martin Luther King Jr. Blvd, this property offers unmatched visibility and access in one of the region’s fastest-growing commercial areas. Originally part of an 18- acre tract purchased by Royal Farms, the remaining 14.5 acres includes approximately 11.4 acres of uplands, making it a prime candidate for retail, oce, or mixed-use development.
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Property Taxes
| Parcel Number | 8-208-077 | Improvements Assessment | $1,688,000 |
| Land Assessment | $5,437,200 | Total Assessment | $7,125,200 |
Property Taxes
Parcel Number
8-208-077
Land Assessment
$5,437,200
Improvements Assessment
$1,688,000
Total Assessment
$7,125,200
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3706 M L King Jr Blvd - New Bern Retail Corridor Site
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