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Property profile & analytics
OFF-MARKET
Hotels

100 Marina Dr New Bern, NC 28560-7231

3,645 SF 0.68 ac lot Built 1987
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-2895658
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1987
Total area 3,645 SF
Lot 0.68 ac (29,621 SF)
APN 2-029 -1000
UPID US53-2895658
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hikaru Japanese Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Inner Banks Living LLC · 5 yrs held
Inner Banks Living LLC
since 2021
Last sale
$50,000
2 recorded transactions
2021
$420,000
2005
$825,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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