Marina Sold: Rare Fee Simple Delaware Marina | Income Solely from Slip Rental
Overview
This Offering is Currently Under Agreement
This wet slip marina is minutes away from the beautiful Atlantic Ocean and local beaches. Currently, income is derived solely from slip rentals, a prized high-net revenue stream in the marina industry that provides ease of management. This facility is currently and historically set up for absentee ownership.
This is a rare opportunity to acquire 83 slips at South Shore Marina, a 92 slip dockominium marina located minutes away from the beautiful Atlantic Ocean and local beaches. Currently, income is derived solely from slip rentals, a prized high-net revenue stream in the marina industry that provides ease of management. This facility is currently and historically set up for absentee ownership. It is also an ideal business for an owner-operator.
The seller is seeking offers to purchase its assets (interest in the
marina common elements (office/marina store/bathhouse, etc.), and fee-simple interest in 83 slips in the dockominium marina).
This offering is presented by:
Simply Marinas (305) 390-0397
in partnership with:
Coldwell Banker Resort Realty (302) 227-5000
Highlights
- 83 Slips between 30’ – 60’
- Approximately 3,500’ of dockage with 4 floating docks
- Marina store/office/Bath House/Security system
- New electric and water installed 2014
- Income derived solely from slip rental
- Suitable for absentee owner or owner-operator
- Easy to manage
- Highly desirable location, minutes away from the Atlantic Ocean and beaches
The Opportunity
Revenue is entirely generated from slip rental, the only truly passive profit center in the marina industry. This facility is currently set up under absentee ownership, making this a turn-key marina business that is truly set up for continued absentee ownership. The marina is consistently at full occupancy for the season with a waiting list for certain slip sizes, setting the stage for consistent, built-in, incremental rate increases. Being that the marina is already condominiumized, the slips can be sold off individually for a high return on investment.
Location
The marina is located within a gated community comprised of single family homes and town houses. It is located on the corner of Marina View Court and South Shore Drive, just west of Route 1 (Coastal Highway), in Bethany Beach, Delaware. The property has water frontage along Indian River Inlet, which flows into the Indian River Bay (to the west) and the Atlantic Ocean (to the east). The marina is located minutes from the Atlantic Ocean and Inland Bays, some of the finest fishing grounds on the East Coast. It is adjacent to Delaware Seashore State Park, one of the state's most popular destinations, offering stunning views of the Atlantic Ocean to the east, and Rehoboth and Indian River Bays to the west.
Gallery
Map
Contact us for a complimentary strategic consultation and preliminary valuation.
