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450 Gracie Farms Rd
New Bern, NC 28560

$5,500,000

Manufactured Housing Mobile Home Park For Sale  •  120,000 Sq Ft

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 120,000 Sq Ft
  • Lot Size 63.23 ac
  • Building Class B
  • Year Built 1999
  • Cap Rate 11.00 %
0 Transit Score
0 Walk Score

Description

Gracie Farm Mobile Home Park is a 124 lot mobile home park containing 101 park owned homes and 23 rented lots. The mobile park has access to paved roads and city water. The park includes 1 for 1 septic's and all utilities are billed directly to tenants. The park spans across 63.23 acres of land in New Bern, NC which is about 112 miles east of Raleigh and 80 miles northeast of Wilmington.

Highlights

Property has paved roadways in park and has excess land for possible expansion.
The mobile home park is located 3.4 miles from direct access to Route 70.
Property is a few minutes drive to nearby tenants Walmart, Roses, Dollar General and Burger King.
New Bern lies in Craven County and is 112 miles East of Raleigh and 80 miles northeast of Wilmington.

Financial Summary

Cap Rate: 11.00 %

Public Transportation

AirportDriveWalkDistance
Craven County Regional Airport 26 min - 13.9 mi
Adam O'Neal 252-945-7550 O'Neal and Associates, Inc.
Adam O'Neal 252-945-7550 O'Neal and Associates, Inc.