100 Marina Dr New Bern, NC 28560
For Sale
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Positioned along the waterfront in one of New Bern's most active and evolving areas, 100 Marina Drive presents a rare opportunity to acquire a large-scale commercial asset in the heart of an emerging marina and coastal lifestyle corridor. This ±11,305 square foot building sits on approximately 0.682 acres and offers direct proximity to marina activity, boating traffic, and waterfront recreation. The surrounding area is experiencing increased investment and redevelopment, highlighted by recent institutional acquisition of nearby marina assets, signaling long-term confidence in the New Bern waterfront market. In addition to the building itself, the offering includes approximately 75 dedicated parking spaces (50% ownership) directly adjoining both the commercial structure and marina area -- a scarce and highly valuable feature for waterfront properties, where parking constraints often limit operational capacity and revenue potential. The property has historically supported a mix of uses including restaurant, bar, retail, office, and residential components, providing a flexible foundation for repositioning or redevelopment. With no formal zoning restrictions (buyer to verify), the site allows for a wide range of potential uses, including hospitality, waterfront dining, mixed-use development, or marina-support retail. Located within the Fairfield Harbour community, the property benefits from immediate access to a built-in population of over 3,000 residents, supported by a dynamic mix of full-time homeowners, condo residents, privately owned timeshares, and short-term rental activity. This layered occupancy profile creates consistent year-round demand, further amplified by marina traffic and tourism-driven visitors. Importantly, while situated within Fairfield Harbour, the subject property is not governed by the community's HOA, allowing for significantly greater operational flexibility and fewer restrictions compared to surrounding properties. This unique positioning creates a rare opportunity to serve a captive audience without the limitations typically associated with waterfront community governance. This offering is ideally suited for developers, investors, or operators seeking to capitalize on the continued growth of coastal North Carolina and the increasing demand for experiential, waterfront-oriented destinations. Whether repositioned as a flagship waterfront restaurant, a mixed-use marina village component, or a destination-driven commercial hub, the property presents significant upside potential in a market that is gaining attention from both regional and national capital.
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Hikaru Japanese Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.