Wet Slip Marina
For Sale
Contact for pricing
101 Craven St, New Bern, NC 28560
248-wet-slip marina with an approved dockominium regime enabling individual slip sales.
Property SizeContact for details
Days on Market122
Property Features for 101 Craven St
General Information
Standard status
Active
Property subtype
Special Purpose
Occupancy
85%
Listing Agency:
Lee & Associates - Wilmington
Listed By:
David Divine, SIOR · License #190963
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 2:03AM
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 Lee & Associates - Wilmington
Investment Insights
Based on property information with market context.
This offering is for the purchase of a 248 wet slip marina with 227 slips numbered and available to sell as a dockominium. The marina has an approved and recorded condominium regime that provides the right to sell each slip individually. To date, 27 slips have been sold, and 200 remaining dockominium slips are being offered along with 21 transient slips.
The marina is located in historic New Bern, North Carolina, founded in 1710, at the confluence of the Neuse and Trent Rivers on the Pamlico Sound. The property is positioned near the historic resort area, with Hatteras Yachts headquartered and manufacturing only a few miles from the New Bern Grand Marina.
MV is seeking bids based on existing annual income at 85% occupancy of $394,886. Once the current rental rate of $7.50 per linear foot is in effect for the entire tenancy, the NOI is projected to increase to $518,773. Value in this offering also reflects anticipated dockominium slip sales, with the remaining dockominium balance described as $9,613,800 based on the current slip value of $1,050 per linear foot.
The marina is located in historic New Bern, North Carolina, founded in 1710, at the confluence of the Neuse and Trent Rivers on the Pamlico Sound. The property is positioned near the historic resort area, with Hatteras Yachts headquartered and manufacturing only a few miles from the New Bern Grand Marina.
MV is seeking bids based on existing annual income at 85% occupancy of $394,886. Once the current rental rate of $7.50 per linear foot is in effect for the entire tenancy, the NOI is projected to increase to $518,773. Value in this offering also reflects anticipated dockominium slip sales, with the remaining dockominium balance described as $9,613,800 based on the current slip value of $1,050 per linear foot.
Key Highlights
- 248 wet‑slip marina with an approved, recorded dockominium (condominium) regime allowing individual slip sales
- 227 slips numbered and available to sell as dockominium units, plus 21 transient slips
- MV has sold 27 slips at an average value of $1,050 per ln ft; 200 remaining dockominium slips to be sold
Property Analytics
Current Use
Lease Details
85%
Occupancy
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Marina - 248-wet-slip marina with an approved dockominium regime enabling individual slip sales.
Where is this marina located?
The property is located at 101 Craven St New Bern, NC.
What are key features of this property?
This property features: 248 wet‑slip marina with an approved, recorded dockominium (condominium) regime allowing individual slip sales; 227 slips numbered and available to sell as dockominium units, plus 21 transient slips; MV has sold 27 slips at an average value of $1,050 per ln ft; 200 remaining dockominium slips to be sold
