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Property profile & analytics
FOR SALE
Conventional restaurants

100 Marina Dr New Bern, NC 28560

Built 1987
Property ID
US53-0020298
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Conventional restaurants
Year built 1987
UPID US53-0020298
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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