Marina for Sale: Upstate New York Wet Slip Marina Offering ID: SM229

Price: $2,700,000.00

Overview

Upstate New York Wet Slip Marina - Confidential Offering ID: SM229

This acquisition opportunity offers prospective buyer an easy to operate, slip rental facility with 325-slip wet slips. The facility is operated on town leasehold property.

It is extremely rare to find a marina facility with such new improvements and with no deferred maintenance. All improvements are newly built or renovated within the last 6-years. The all-aluminum, floating docks were installed from 2017-2019, including new electric, water and high-speed WiFi. The parking lot, sidewalks and sea wall are all new (2019-2022). The double-sided launch ramp is new as of 2017. The clubhouse and store were impeccably renovated in 2017.

Over 75% of gross revenue is derived from slip rentals, followed by fuel sales, launch ramp fees, and rental income from a 3rd-party boat service and repair tenant. Ownership is absentee, establishing the fact that the current profit center mix is relatively easy to operate.

Local Broker of Record:
Janell Vanegas
Venture Brokerage Group
2815 Monroe Avenue
Rochester, New York 14618
585.615.1102
janell@venturebrokeragegroup.com

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

Highlights

Slip Count: 325 (56 jet ski docks & 269 boat slips ranging from 16' - 30')
The facility is operated on a 35-year lease with the town ending in 2051
All improvements are in excellent condition. No deferred maintenance
Brand new al-aluminum floating docks with new power and electric
Recently built sea wall and parking lot
Hi speed WiFi throughout the marina
NOI for 2022 approaching $250,000.00 with over 75% of gross revenue from slip rentals
Convenient fuel service