615 Tebo Road

615 Tebo Road

New Bern, NC 28562

Price: $4,600,000

Acreage: 340

Status: Active

Neighborhood: Not In Subdivision

MLS#: 100367889


Excellent profit potential with this large multi-use acreage consisting of five parcels. Seller will consider all offers, including capital reinvestment and seller financing, and will work with developers, investors, and others to make best use of this long held family land. Urban development, recreational, farm, timber and commercial potential for consideration. Being situated on both sides of State Road 1102 (Tebo Rd) and in the path of growth just off of the expansion to interstate standards of hwy 70 (future I42) between New Bern and Havelock, 6 miles east of New Bern and only 2 miles from the development of Carolina Colours to the west and 1/2 mile from Croatan Crossing to the east, this could be an early opportunity for prime development. Property has been used in the past primarily for farming, with a portion used currently in that capacity and as recreational/hunting land. There is extensive wooded acreage for potential timber profit and, being situated adjacent to the Croatan National Forest, there is also recreational potential. This large tract of land, with Duke Progress Energy easement and 3-phase current available, was previously approved for solar field leasing with a high monthly profit potential.

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