Contact us for a complimentary strategic consultation and preliminary valuation

Marina for Sale: Chesapeake Bay Full Service Marina – Virginia

Price: $2,250,000
wheel

Overview

This is a unique opportunity to acquire a strong, viable marina investment with an established successful operation in a beautiful Chesapeake Bay location.

Nestled in a protected deepwater harbor on Myer Creek off of the Rappahannock River in mid-Chesapeake Bay Virginia, this well- maintained and profitably-run marina and full-service boatyard is now available. The 101 slip marina has been designated as a Virginia Clean Marina and the marina and boatyard have earned the “Best in the Bay” award from Chesapeake Bay Magazine’s readers for many years.

Yankee Point sits on approximately 5.86 acres with approximately 942' of waterfront nestled in a protected deep water harbor in mid-Chesapeake Bay Virginia. This is a well-maintained and profitably-run marina and full-service boatyard.

Highlights

  • 101 Slips with 8’ at Mean Low Water – 5 Docks 2004-2007, 20’ to 53’ Average 35.4’
  • Dry Storage - capacity for approximately 180 boats with average winter storage of 145 boats
  • Space-Saving Mast Storage Rack System with electric lift winches
  • 86 Acres (approximately) | 942 Feet of Waterfront (approximately)
  • Gas & Diesel Dock | New above ground tanks (2019/2020)
  • New Travel Lift runways and bulkhead (2019/2020)
  • Edson Waste Pump Out System (New Spring 2009)
  • Boat launch ramp
  • Ship’s Store | Renovated events center with full bar | Salt water swimming pool
  • Cabinetry, Woodworking and Fiberglass Shop, Mechanic’s Shop, Varnish Shed
  • 65’ Paint Barn with monitored human air supply, forced filtered exhaust and filtered air supply and radiant heating
  • 40 ton Travelift (2008) with diesel engine, four point lift system, four wheel drive (on-demand), hydraulic crane
  • 10 Ton Hydraulic Yard Trailer (new in 2006) for high density boat storage

 

NDA Required

Please contact Listing Agent:
George Ash, Brooks Real Estate | Marina Marketing & Investment Adviser

License Number 0225235015
4071 Ironbound Road | Williamsburg, VA 23188

352-262-5784 | ash1@simplymarinas.com

lighthouse

The Opportunity

A significant upside would be the addition of an enclosed dry stack operation which is within the marina’s zoning constraints. There is no enclosed dry stack facility in Lancaster County or anywhere else in the surrounding area on this side of the Rappahannock River.

Fishing is a big sport in the area for the affluent retirees who come from areas such as DC, Richmond and Hampton Roads. Another opportunity for an additional income source is to add a power boat and an outboard dealership with specialization in deck/pontoon boats.

A consequence of the retiree influx is boat turn-over, which can provide for a potential profitable brokerage business as an additional income source.

All of the ingredients are in place for this profitable marina and boat yard. This is the right place at the right time. The clientele are here and continuing to build new homes and the number of available properties with deep water are few. Thus there is a growing need for a place to keep and care for their yachts.

Location

The approximately 5.9 acres and 945 running feet of water frontage in the middle of one of Virginia’s most scenic waterways make this property uniquely valuable. The many tributaries of the Corrotoman River are home to an ever-increasing population of retirees and weekenders coming from the Washington, D.C, Richmond and Williamsburg/Hampton Roads areas seeking the quiet beauty of the Northern Neck. Surrounding homes rarely sell for less than seven figures and the boats that these retirees bring along or acquire are just as impressive as the homes that are being constructed.

Geography destined Lancaster County to be one of Virginia’s leading resort, retirement and second home communities. Over 280 miles of shoreline have held the world at bay for centuries, despite its close proximity to major metropolitan areas like Washington, DC and Richmond, Virginia.

The county’s largest employers are resorts, medical facilities, retirement communities and financial service firms. More and more location-independent consultants make their home offices here. Entrepreneurs are opening specialty businesses to cater to the increasingly affluent and sophisticated population.

Map

For More Information

George Ash
Marina Marketing and Investment Adviser
(352) 262-5784
15585

Sign up to receive our brochure

Logo Simply Marinas

Which best describes you

By submitting this form I agree to receive communications from Simply Marinas. I understand that I can opt-out at any time.