110 Spinnaker Run Rd - Marinas FOR SALE


Belhaven, NC 27810
$4,000,000 USD
813-956-3275
110 Spinnaker Run Rd, Belhaven, NC for Sale
$4,000,000 USD
Marinas - FOR SALE
1/5
null | 11.43% Cap Rate

110 Spinnaker Run Rd
Belhaven, NC 27810


HIGHLIGHTS

  • Offered at $4,000,000 11.43% CAP RATE
  • The restaurant business will be retained by the seller and leased the building from the new owner. Buying the restaurant is an option.
  • A growing customer base from excellent word of mouth from the boating community and mentioned in numerous boater guides.
  • Water and sewer on site. Also, in front of additional development land included.
  • In 2023, this marina was voted the third best small marina in America by Marina Life Magazine.

OVERVIEW

Leisure Investment Properties Group, LLC is pleased to exclusively offer for purchase Dowry Creek Marina (also referred to as “The Marina”) in Belhaven, NC. The Marina is a family-owned and operated marina that is a popular stop for yachts traveling the East Coast ICW at Mile Marker 132. This is the busiest transient marina in the Carolinas and was designated the third-best small marina in 2023 by Marina Life Magazine. This is a secluded and very comfortable marina atmosphere away from the hustle of city marinas, yet close to services and shopping. The docks are owned by the Boataminium Owner’sAssociation which pays for the maintenance of the docks. The marina management owns 40 slips or 55%, which gives the marina management majority of votes in the Association. The marina management owns the real estate and building facilities.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$2,500 USD /SF

CAP RATE

11.43%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dowry Creek Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

14.76 AC

LAND SF

642,903 SF

ZONING

CG

APN/PARCEL ID

7635-27-6866

ASK ABOUT THIS PROPERTY

Jeffrey SpilmanLeisure Investment Properties GroupMore Info
813-956-3275

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Jeffrey SpilmanLeisure Investment Properties GroupMore Info
813-956-3275

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.