615 Tebo Road, New Bern, NC 28562 (MLS # 100367889)

Price $4,600,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size 340.00 ac
Days on Market 54
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.
Property Type(s): Lot/Land/Acreage
Last Updated 2/7/2023 Tract Not In Subdivision
Year Built 0 County Craven


Elementary School W. Jesse Gurganus
Jr. High School Tucker Creek
High School Havelock

Additional Details

LOT 340.00 acre(s)
LOT DESCRIPTION Farm, Level, Partially Cleared, Rural, Wetlands, Wooded
SUBDIVISION Not In Subdivision



Contact us about this Property

We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Dianne Perry to contact you even if your name is on a Federal or State "Do not call List".

Listed with Landmark Sotheby's International Realty
Copyright 2023 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

This IDX solution is (c) Diverse Solutions 2023.

Email a Friend