Waterfront Commercial Building with
For Sale
$4,000,000
100 Marina Dr, New Bern, NC 28560
Large waterfront building with dedicated parking spaces adjoining the commercial structure and marina area.
Property Size12,500 SF
Lot Size0.68 Acres
Price / SF$320
Days on Market93
Property Features for 100 Marina Dr
General Information
Standard status
Active
Size
12,500 SF
Total Parking Spaces
75
Lot size
0.68 Acres
Building Details
Year Built
1987
Listing Agency:
IBX Coastal Living
Listed By:
SARAH Michelle Palmer · License #297013
(843) 712-2721
Source:
Ibxcoastalliving
Added: Jul 9
Changed: Oct 6
Last Checked: Oct 7 at 5:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IBX Coastal Living
Investment Insights
Based on property information with market context.
Positioned along the waterfront, this commercial building at 100 Marina Drive includes approximately 11,305 square feet on about 0.682 acres. The offering also includes approximately 75 dedicated parking spaces (50% ownership) directly adjoining both the commercial structure and the marina area.
Per the property remarks, the site has historically supported a mix of uses including restaurant, bar, retail, office, and residential components. The property is located within the Fairfield Harbour community, and the subject is stated to not be governed by the community HOA, allowing for greater operational flexibility; zoning restrictions are described as having no formal restrictions, with buyer to verify.
Overall, the property is configured as a large-scale waterfront commercial asset with on-site parking and a history of flexible uses, suitable for a range of hospitality and waterfront-oriented concepts or redevelopment plans consistent with the buyer’s verification of use and zoning.
Per the property remarks, the site has historically supported a mix of uses including restaurant, bar, retail, office, and residential components. The property is located within the Fairfield Harbour community, and the subject is stated to not be governed by the community HOA, allowing for greater operational flexibility; zoning restrictions are described as having no formal restrictions, with buyer to verify.
Overall, the property is configured as a large-scale waterfront commercial asset with on-site parking and a history of flexible uses, suitable for a range of hospitality and waterfront-oriented concepts or redevelopment plans consistent with the buyer’s verification of use and zoning.
Key Highlights
- 11,305 SF commercial building built in 1987 on approximately 0.682 acres in New Bern’s waterfront area
- Includes approximately 75 dedicated parking spaces (50% ownership) directly adjoining the commercial structure and marina area
- Historically supported a mix of uses including restaurant, bar, retail, office, and residential components
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,973
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,939,460
$4.9M
Cap Rate 7%
$3,528,186
$3.5M
Cap Rate 9%
$2,744,144
$2.7M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$376.5K $30.12/SF
− Vacancy
−$23.7K −$1.89/SF
EGI
$352.8K $28.23/SF
− OpEx
−$105.8K −$8.47/SF
NOI
$247.0K $19.76/SF
Area
Craven County, NC
Vacancy
6.29%
Lease Rate
$30.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,939,460
Cap Rate 7%
$3,528,186
Cap Rate 9%
$2,744,144
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.12M
NOI $246,973 @ 7.0% cap · market cap 6.17%
Second Best
Specialty Retail
$2.31M
$2.02M – $2.69M
NOI $161,663 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,485 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28560, NC
28,005
Population
14,165
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
92%
High-School Grad
122.6 sq mi
ZIP Area
228
Density / Sq Mi
$62,142
Median Household Income
$37,379
Median Earnings
$992
Median Rent
$191,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Large waterfront building with dedicated parking spaces adjoining the commercial structure and marina area.
Where is this conventional restaurant located?
The property is located at 100 Marina Dr New Bern, NC.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 11,305 SF commercial building built in 1987 on approximately 0.682 acres in New Bern’s waterfront area; Includes approximately 75 dedicated parking spaces (50% ownership) directly adjoining the commercial structure and marina area; Historically supported a mix of uses including restaurant, bar, retail, office, and residential components
