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Marina for Sale: Confidential Maryland Wet Slip Marina – Marina ID: SM42

Price: $3,750,000
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Overview

Confidential Maryland Wet Slip Marina – Marina ID: SM42

This is a rare opportunity to acquire a wet slip marina in a prime Maryland location. All revenue is derived from slip rental, making this a perfect passive investment for an absentee owner. The docks and seawall are in great condition. All slips are outfitted with boat lifts. Slips are currently and historically at full occupancy.

Included in the sale, is a relatively new construction 2,500 sq ft residence boasting panoramic water views. The residence is currently owner-occupied, however, it would make a great income producing asset as a long-term or vacation rental residence.

The offering includes adjacent vacant waterfront land which is subdivided and zoned for development of 12 townhouses. Historically, this land was used as a full service boatyard, offering land-side storage as well as service and repair. The land has a lift well that can accommodate a travellift and/or forklift. Current zoning will allow for continued use as a full service boatyard and, potentially, as a rack storage facility.

Local Broker of Record:
Rick Leipold
Milestone Commercial Realty
216 E. Pulaski Highway, Suite 215, Elkton, MD  21921
RLeipold@milestonecr.com  |  410.620.5115

Marina Marketing and Investment Adviser:
George Ash
Simply Marinas
4000 Ponce De Leon Blvd, Suite 470, Coral Gables, FL 33146
george.ash@simplymarinas.com  |  352.262.5784

Highlights

The Marina

  • All revenue is derived from slip rental
  • Perfect set up for passive investment / absentee ownership
  • Docks and bulkhead are in impeccable condition
  • 78 wet slips
    • All slips are outfitted with boat lifts
    • Currently and historically at full occupancy
  • 6 additional slips are on the t-head
  • Great Amenities: Heated pool, climate-controlled bathrooms with showers and heated floors, cabana room with kitchen and big screen TV, covered, outdoor grill area, laundry facilities, gym

 

On-Site Residence

  • Relatively new construction in impeccable condition
  • 2,500+/- sq ft
  • Gorgeous 360-degree panoramic water views

 

Vacant Adjacent Land

  • 2+/- acres with a heated shop/storage building
  • Currently subdivided for development of 12 townhouses
  • Historically operated as a boatyard offering land-side boat storage as well as service and repairs. Zoning allows for this use, should a new owner wish to increase profit centers
  • Lift well that can accommodate a marine travellift and/or forklift
  • Approximate land-side boat storage capacity for 110+/- boats
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The Opportunity

An owner can benefit from the following:

  • Develop the adjacent land with townhouses
  • On-site residence
    • owner occupancy
    • long term residential rental
    • vacation rental
  • Rate increases - consistently at full occupancy
  • Offer haul/launch, service and repair and land-side storage

For More Information

Michelle Ash
Principal
(305) 439-9581
George Ash
National Director
(352) 262-5784