622 Jersey Ave - Marinas FOR SALE


Greenwood Lake, NY 10925
$5,200,000 USD
622 Jersey Ave, Greenwood Lake, NY for Sale
$5,200,000 USD
Marinas - FOR SALE
1/9
null | 12.84% Cap Rate

622 Jersey Ave
Greenwood Lake, NY 10925


OVERVIEW

Rare opportunity to acquire a cash-flowing marina business and waterfront real estate on Greenwood Lake in Orange County, NY. The property generates diversified income from marina operations, boat slip rentals, and additional real estate rental income, creating a stable revenue base with multiple income streams. The marina is currently operated with three employees, including a general manager, allowing for streamlined day-to-day operations. A new website and online reservation system is currently being developed, which will enable customers to reserve boat slips and marina services online, improving efficiency and customer convenience. The property is offered at a 12.84% cap rate based on current financial performance, with significant upside potential through expanded services and additional lake-oriented revenue opportunities. Value-add potential includes introducing a boat rental fleet (typically generating $250–$350 for two-hour minimum rentals), boat club memberships, expanded fuel and retail sales, seasonal storage programs, and other recreational services catering to boaters and visitors to the lake. Ownership will consider providing up to $2,000,000 in seller financing, which may allow qualified buyers to combine the seller note with SBA 7(a) financing, potentially enabling a buyer to acquire the property with approximately $300,000–$400,000 in equity depending on lender terms and qualifications. This is a rare opportunity to acquire a profitable waterfront marina and income-producing real estate with substantial operational upside in one of the region’s most active recreational boating destinations.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$576 USD /SF

CAP RATE

12.84%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Willow Point Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

RC

APN/PARCEL ID

335403-311-000-0002-002.000-0000

ASK ABOUT THIS PROPERTY

Paul Adler, Esq., SIORRand CommercialMore Info

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Paul Adler, Esq., SIORRand CommercialMore Info

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