100 Marina Dr New Bern, NC 28562
- Hotels
- 3,645 SF
- 0.68 lot acres
Current Use by Public Records
- Hikaru Japanese Restaurant / Authentic Japanese Restaurant
Property Details for 100 Marina Dr
- Year built
- 1987
- Lot size
- 0.68 lot acres
- Property size
- 3,645 SF
- Property type
- Hotels
- APN
- 2-029 -1000
- APU
- 20291000
Description
This exceptional 12,000-square-foot vacant restaurant space, located at 100 Marina Drive in New Bern, North Carolina, presents a unique investment opportunity. Situated on the Northwest Creek Marina within the Fairfield Harbour community, this two-story, Class B building boasts a prime location overlooking the water. Built in 1987, the property features ample parking (150 spaces) to accommodate both residents of the over 3,500-home Fairfield Harbour community and the significant tourist traffic. The property includes a walk-in freezer and refrigerator, three-phase electric, and the potential for both first and second-floor seating, as well as outdoor seating. With a 5-year NNN lease term available, and a 6% cap rate, this property offers significant upside potential. The building's 2,500 to 7,000 square foot flexible layout allows for customization to suit a variety of concepts, from a restaurant and bar to a wedding venue, bakery, or coffee shop. The property's COMMERCIAL/RESIDENTIAL/MULTIFAMILY zoning provides versatility. The existing infrastructure, including boat slips directly in front, makes it an attractive destination for boaters. This is a truly versatile location in a popular tourist area. The property is currently vacant and ready for renovation to meet the needs of a new tenant. The property is zoned for commercial, residential, and multifamily use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Bern
- County
- Craven
- State
- North Carolina
- Longitude
- -76.9672
- Latitude
- 35.065
- CBSA code
- 35100
- CBSA name
- NEW BERN, NC MICROPOLITAN STATISTICAL AREA
