100 Marina Dr New Bern, NC 28560-7231
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.
-
Hikaru Japanese Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.