Bank owned marina acquisition opportunity at the top of the Chesapeake Bay.
Sold For $2.25mm in 2007. Create tremendous upside by expanding the marina and boatyard operations and Enjoy or Rent Waterfront Residence on Site.
The marina ceased operation about two years ago. This business is currently not in operation.
Local Broker of Record
Milestone Commercial Realty
216 E. Pulaski Highway, Suite 215, Elkton, MD 21921
RLeipold@milestonecr.com | 410-620-5155
The Cove Marina in Elkton Maryland is a total of 6.12 acres. The marina is vacant and is bank owned. It was purchased for $2,250,000 in 2007. It includes an 84 slip Pier with space for 15 additional boats. Second floating Pier is permitted for expansion to match size of the fixed Pier. The offering includes: 4/3 waterfront home; marina building with workshop and office and room to add an apartment on second floor; a beach community lot; and an additional 4.48 acres vacant lot, around 200 yards from the marina, ideal for boat storage.
The offering includes the following parcels: