1565 Flag Harbor Blvd - Marinas FOR SALE
Saint Leonard, MD 20685 |
1565 Flag Harbor Blvd
Saint Leonard, MD 20685
HIGHLIGHTS
- Consistent income producer. In operation since the 1980’s.
- Current yard storage capacity for approximately 75 boats. Excess land for yard storage expansion.
- 9 +/- acres fee simple. Large barn/workshop can accommodate boats up to 40’. County assessed land value is $791,900.
- Haul-out capacity for boats up to 45’. Lift well is 16.5’ wide. 20-Ton travel lift/boat lift.
- Upside: Expand storage area. Buy additional slips in the neighboring dockominuim. Build a marina-view residence on the vacant 1.74+/- acre parcel
- Upside: Add boat lifts to the 17 slips for additional rental income. Introduce boat brokerage (captive audience with the neighboring 168 slip marina)
OVERVIEW
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. The approximately 9 acres of upland is owned fee simple. County assessed land value is $791,900.
17 slips are included in the offering (part of the neighboring 168 slip Flag Harbor Yacht Haven dockominium). Slips fully redone in 2014 (outer pilings, docks, electric, water).
The estimated cumulative slip resale value is approximately $250,000.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Marine Service and Boatyard
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Marinas
ADD'L SUBTYPES
Shipyard
TOTAL BUILDING SIZE
2500
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
9 AC AC
LAND SF
392,040 SF
ZONING
-
APN/PARCEL ID
01-040944
