110 Spinnaker Run Rd - Marinas FOR SALE


Belhaven, NC 27810
$2,600,000 USD
813-269-1144
110 Spinnaker Run Rd, Belhaven, NC for Sale
$2,600,000 USD
Marinas - FOR SALE
1/5
null | Request Cap Rate

110 Spinnaker Run Rd
Belhaven, NC 27810


HIGHLIGHTS

  • Reduced from $3,500,000 to $2,600,000 11.18% CAP         
  • The restaurant business will be retained by the seller and leased the building from the new owner. Buying the restaurant is an option.
  • Water and sewer on site. Also, in front of additional development land included.
  • Because of the BOA structure, with the Marina currently owning 40 of 73 slips, and 29 of those 40 slips being free in exchange for managing the pier.
  • Leaves the Marina paying for 11 slips and private owners paying for 33. 
  • The Marina only funds 25% of the pier expenses, with the other owners funding 75% of the pier costs.

OVERVIEW

***BACK ON MARKET – MAJOR PRICE REDUCTION – MUST SELL*** ***CALL FOR OFFERS – DUE JANUARY 9TH, 2026 BY 5 PM*** 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 boat marina in the Carolinas and was designated the third best small marina in 2023 by Marina Life Magazine. This 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’s Association who pays for the maintenance of the docks. The marina management owns 40 slips or 55%, which give the marina management majority of votes in the Association. The marina management owns the real estate and building facilities. In 2023 this marina was voted the third best small marina in America by Marina Life Magazine.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$1,625 USD /SF

CAP RATE

Request Cap Rate

% 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

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

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

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

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