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Marina for Sale: Flag Harbor Marine Service and Boatyard – Maryland

Price: $1,090,000
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Overview

This is a unique opportunity to purchase Flag Harbor Marine Service, a long-running, profitable full service boatyard in an idyllic setting on the western shore of the Chesapeake Bay. The facility offers land-side boat storage, haul and launch, as well as rigging, service and repair. The boatyard sits on approximately 9 fee simple acres that include the lift well and an adjacent wet slip, an enclosed workshop and two smaller buildings used as office and storage space. The 9 acres offers excess land that can be used to build a marina-view residence, or expand the land-side storage. The location offers a sheltered harbor within an hour’s drive from Washington DC and Annapolis MD.

In addition to the marine service facility, this offering includes 17 boat slips owned by the boatyard in the neighboring marina dockominium, Flag Harbor Yacht Haven. The boatyard rents out these 17 slips to generate additional income. The marina shares a basin with the boatyard, providing for the perfect synergistic relationship. The marina brings a built-in customer base for Flag Harbor Marine Service, while Flag Harbor Yacht Haven slip owners and renters get to enjoy the convenience of an on-site full service boatyard.

Highlights

  • Consistent income producer
  • In operation since the 1980’s
  • Current yard storage capacity is approximately 75 boats on blocks
  • 17 slips (part of the neighboring 168 slip Flag Harbor Yacht Haven dockominium)
    • Slips are consistently at full occupancy
    • Pool and bath-house
    • Slips fully redone in 2014 (outer pilings, docks, electric, water)
  • Trailered boat storage
  • 9 +/- acres fee simple
  • Full service boatyard. Also offering do-it-yourself repair options.
  • Haul-out capacity for boats up to 45’
  • 20-Ton travel lift/boat lift - purchased new in 2013 (US Hoist)
  • Pump-out
  • Large workshop
  • No deferred maintenance
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The Opportunity

The approximately 9 acres of upland is owned fee simple. County assessed land value is $791,900

  • Build a marina-view residence on the vacant 1.74+/- acre parcel
  • Introduce rack storage
  • Add boat lifts to the 17 slips to increase slip rental rates
  • Introduce boat brokerage
  • Start marketing and advertising. The current operator doesn’t conduct any advertising or marketing.

Location

Flag Harbor, an hour drive from Washington DC and Annapolis MD, is located in a sheltered harbor on the Chesapeake Bay. The land being offered for sale is zoned Marine Commercial.

Flag Harbor is the only marina with deep water access on this side of the Bay for twenty miles to the north and 12 miles to the south. In only a few minutes, boaters at the marina can enjoy pristine open water and quick access to some of the best fishing grounds on the Chesapeake Bay. In addition to great fishing grounds, the location offers phenomenal sailing and cruising - 32 miles south of Annapolis, 15 miles north of Solomons Island, 20 miles west of Oxford. This prime boating location, close to many great boating destinations, including Annapolis, Solomons, Oxford and St. Michaels, makes it a very convenient location for haul-out, service and repair. Situated in beautiful Calvert County, MD, the area offers pristine waterways, natural parks, lighthouses, trails, museums, festivals, shops, galleries and more.

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For More Information

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