New Bern, NC High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in New Bern, North Carolina Market population: 30K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For New Bern NC Properties: 74.0000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For New Bern NC
Common questions from investors exploring commercial real estate in New Bern NC.
What's the overall investment potential of New Bern, NC, considering its demographics and economy?
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New Bern's median household income of $37,493, combined with a poverty rate of 19.1% and a strong health insurance coverage of 87.7%, suggests a relatively stable market with a working-class population. The city's top industries, including Public Administration and Professional, Scientific, & Management, & Administrative & Waste Management Services, also indicate a diverse economy. Additionally, the average commute time of 19.3 minutes and high homeownership rate of 54.2% contribute to a favorable quality of life for residents.
How does the ethnic diversity of New Bern impact the local real estate market?
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The city's ethnic diversity, with a mix of White (35.2%), White Non-Hispanic (33.3%), and Black (19.5%) populations, can contribute to a vibrant and inclusive community, which may attract a wide range of residents and businesses. This diversity, combined with the median property value of $149,000 and median property taxes of $6,395, suggests a relatively affordable housing market with opportunities for investment and growth.
What are the implications of New Bern's commute patterns and health insurance coverage for real estate investors?
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The average commute time of 19.3 minutes, with a majority of residents driving alone or carpooling, indicates a relatively convenient and accessible location, which can be attractive to renters and homeowners alike. Furthermore, the high health insurance coverage rate of 87.7% suggests a population with access to stable employment and healthcare, reducing the risk of tenant turnover and non-payment.
How does the local economy, including top industries and employment rates, influence the real estate market in New Bern?
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The city's top industries, including Public Administration, Professional, Scientific, & Management, & Administrative & Waste Management Services, and Wholesale Trade, contribute to a diverse and relatively stable economy. With an employed population of 11,526 and a median household income of $37,493, the local economy appears to be growing, which can lead to increased demand for housing and commercial properties, making it an attractive market for real estate investors.
What are the key factors to consider when evaluating the potential return on investment (ROI) in New Bern's real estate market?
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When evaluating ROI in New Bern, investors should consider the city's median property value of $149,000, median property taxes of $6,395, and homeownership rate of 54.2%, as well as the poverty rate of 19.1% and health insurance coverage rate of 87.7%. Additionally, the average commute time, top industries, and ethnic diversity should be taken into account, as they can impact the quality of life, employment stability, and demand for housing, ultimately affecting the potential ROI for real estate investments in the area.
New Bern NC Real Estate & City Facts
Key facts and real estate information about New Bern NC.
What are some of the best neighborhoods to live in New Bern?
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Some of the best neighborhoods to live in New Bern include Trent Woods, James City, Riverside, Fairfield Harbour, and Riverbend. Each neighborhood has its own unique character, with some offering waterfront properties, marinas, and historic homes. For example, Fairfield Harbour is a 3,000-acre development with waterfront properties and four marinas, while Riverside is a charming neighborhood just north of downtown New Bern.
What are some fun things to do in New Bern?
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New Bern has a rich history and a variety of fun things to do. Visit the North Carolina History Center, Tryon Palace, and the New Bern Fireman's Museum to learn about the city's past. Take a stroll along the waterfront and enjoy the stunning views of the Trent and Neuse Rivers. You can also explore the quaint shops and boutiques that line the streets of downtown New Bern, or visit the New Bern Farmers Market for fresh produce and local goods.
What is the food scene like in New Bern?
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The food scene in New Bern is vibrant and diverse, with a range of restaurants serving everything from seafood to Southern comfort food. Some popular spots include Morgan's Tavern & Grill, Persimmons Waterfront Restaurant, and The Chelsea. You can also find great food trucks and cafes throughout the city, serving up everything from burgers to barbecue. For a unique dining experience, try Cypress Hall or Lawson's On The Creek, which offer beautiful views of the water.
What are the pros and cons of living in New Bern?
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Living in New Bern has its pros and cons. On the plus side, the city has a rich history, a beautiful waterfront, and a strong sense of community. The cost of living is also relatively low compared to other cities in the United States. However, some downsides include traffic congestion, limited job opportunities, and a higher-than-average crime rate. Additionally, the city can be prone to hurricanes and flooding, which can be a concern for some residents.
Is New Bern a good place to live?
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Overall, New Bern is a great place to live for those who value history, community, and a relaxed pace of life. While it may not be the best fit for everyone, the city's unique charm and natural beauty make it an attractive option for many. With its affordable cost of living, rich cultural scene, and beautiful waterfront, New Bern is definitely worth considering for anyone looking to relocate to a new city.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For New Bern NC Commercial Property: $37,493
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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