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Marina for Sale: Confidential Michigan Full-Service Marina – Marina ID: SM27

Price: $2,500,000
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Overview

Confidential Michigan Full-Service Marina - Marina ID: SM27

This facility is in a prime, urban location. The offering presents a rare opportunity to acquire a full-service marina, offering covered and uncovered wet slips, heated indoor rack and ground-level storage buildings, and outdoor dry storage for boats up to 60’. The facility also offers full marine service and repair as well as boat dealership/brokerage. The dealership showroom offers major street-frontage. The facility has in-place management and is absentee owned.

The improvements are well cared for. Ownership has undertaken a tremendous amount of recent site improvements done in the past few years, including major improvements to the heated rack storage building.

 

Highlights

  • In-place management
  • Boat storage
  • 80+/- wet slips – fixed and floating
  • Heated rack storage with haul/launch service for 120 boats
  • Total heated storage for approximately 175 boats
  • Outdoor land-storage for 150+/- boats
  • Dealer showroom fronting the busy main road
  • Equipment includes: hydraulic trailers, forklifts and a Marine Travellift
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The Opportunity

  • Built-in upside
  • Recent improvements will provide steady future occupancy growth
  • Covered slips are rented at a premium with strong demand. Additional slips can be updated to offer covered or even covered-enclosed boat storage for additional slip rental revenue
  • The facility sits on desirable fee-simple waterfront land and is ideal for future residential development

For More Information

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