27999 Coulbourn Creek Rd - Hospitality FOR SALE


Marion Station, MD 21838
$3,495,000 USD
410-972-4000
27999 Coulbourn Creek Rd, Marion Station, MD for Sale
$3,495,000 USD
Hospitality - FOR SALE
1/6
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27999 Coulbourn Creek Rd
Marion Station, MD 21838


HIGHLIGHTS

  • ~30 acres with ~4,000 ft of protected shoreline and a private dock on Coulbourn Creek
  • Ten-key B&B plus a wedding venue for up to 250, with indoor and outdoor events able to run at the same time
  • Approvals in place supporting restaurant operations
  • Georgian estate of 13,500 SF designed by Ian McCallum, architect for Colonial Williamsburg
  • Seller will consider a first-position note of up to $1,000,000

OVERVIEW

Kingsbay Mansion | Waterfront Hospitality Estate on Maryland's Eastern Shore Kingsbay Mansion is an established destination hospitality property set on approximately 30 acres with roughly 4,000 feet of protected shoreline on Coulbourn Creek. It has a private dock with water access to the Chesapeake Bay. The Georgian principal residence was completed in 1970 and designed by Ian McCallum, architect for Colonial Williamsburg. It encompasses 13,500 square feet. The property operates today as a ten-key bed-and-breakfast and a wedding and private event venue, with approvals supporting restaurant operations. The ten keys are five ensuite suites plus five guest rooms, including the West Wing and the Carriage House. The Crystal Ballroom seats 100, and the grounds accommodate events of up to 250. Indoor and outdoor events can run at the same time. Other amenities include a passenger elevator, two Georgian gazebos, and a pool with a Pennsylvania bluestone deck. The property holds 5.0 ratings on Tripadvisor, WeddingWire, and Facebook. Guests can arrive by car, by water, or by air through Salisbury–Ocean City Wicomico Regional Airport (SBY), about 35 minutes away. Janes Island State Park and Crisfield's Somers Cove Marina are both nearby. The offering includes the real estate and the established hospitality platform. The operating business is not included. The current brand and its media assets are available under a separate agreement with ownership.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$364 USD /SF

# OF ROOMS

7

PRICE/ROOM

$499,286 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kingsbay Mansion

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1970

PARKING SPACES

12

LAND DETAILS

LAND ACRES

30 AC

LAND SF

1,306,800 SF

ZONING

MRC

APN/PARCEL ID

03-050009

ASK ABOUT THIS PROPERTY

Romeo SantosColdwell Banker RealtyMore Info
410-972-4000

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Romeo SantosColdwell Banker RealtyMore Info
410-972-4000

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