Waterfront Mixed-Use
100 Marina Drive, New Bern, NC 28560
For Sale
$4,000,000
Commercial Sale, New Bern, NC
Property Size12,500 SF
Lot Size0.68 Acres
Price / SF$320
Days on Market222
Property Features for 100 Marina Drive
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Lot features
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Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Buildings
Listing Agency:
IBX Coastal Living
Listed By:
SARAH Michelle Palmer · License NC #297013
(252) 349-6128
Added: Apr 3
Changed: Oct 30
Last Checked: Nov 10 at 12:06PM
MLS# 100564935
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This waterfront commercial property at 100 Marina Drive includes a building that has historically accommodated restaurant, bar, retail, office, and residential components. The improvements were built in 1987 and include electric heating, public water service, and off-street parking. Approximately 75 dedicated parking spaces are included through 50% ownership, adjoining the building and marina area.
The property is within the Fairfield Harbour community and is not governed by its HOA. The surrounding community includes more than 3,000 residents, with full-time homeowners, condominium residents, privately owned timeshares, and short-term rental activity. Marina operations, boating traffic, waterfront recreation, and tourism are part of the surrounding context. The site is in New Bern, North Carolina, within Craven County.
The property is within the Fairfield Harbour community and is not governed by its HOA. The surrounding community includes more than 3,000 residents, with full-time homeowners, condominium residents, privately owned timeshares, and short-term rental activity. Marina operations, boating traffic, waterfront recreation, and tourism are part of the surrounding context. The site is in New Bern, North Carolina, within Craven County.
Key Highlights
- Waterfront commercial property at 100 Marina Drive, New Bern, NC 28560
- Approximately 75 dedicated parking spaces with 50% ownership
- Building constructed in 1987
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with prior restaurant, bar, retail, office, and residential components near marina activity and waterfront recreation.
Where is this mixed-use property located?
The property is located at 100 Marina Drive 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: Waterfront commercial property at 100 Marina Drive, New Bern, NC 28560; Approximately 75 dedicated parking spaces with 50% ownership; Building constructed in 1987
