100 Marina DrNew Bern, NC 28562

Property Details for 100 Marina Dr

Year built

1987

Lot size

0.68 AC

Property size (Sq ft)

3,645 SF

Property type

Hospitality properties

Property subtype

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.

Location Insight

City

New Bern

County

Craven

State

North Carolina

Latitude

35.065

Longitude

-76.9672

CBSA code

35100

CBSA name

NEW BERN, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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