Unique Multi-Parcell Waterfrontt Offering withh Diverse Income Streams - The offering consists of five parcels totaling approximately 9± acres, including a 1.8± acre waterfront marina and four upland parcels. The property benefits from multiple complementary revenue streams including marina slips, cabin rentals, restaurant and bar operations, boat storage, residential rentals, and significant future development potential.
Established, Income-Producing Marina and Hospitalityy Asset - The 2± acre waterfront marina features 44 existing boat slips (49 permitted), active boat rentals, fuel service, boat ramp, and a fish cleaning station. The property also includes 23 high-quality waterfront cabins and a well established restaurant and bar, creating a vibrant destination for boaters and visitors.
Significant Hospitality Redevelopment Upside -Ownership has plans in place, with preliminary support from the City, to redevelop and reinstate a 73-unit motel on
the marina parcel. This provides a major value-add opportunity to expand lodging capacity and substantially increase revenue.
Additional Boat and RV Storage Income with Expansion Potential -An upland 2± acre parcel includes 26 covered boat storage units across two bays and outdoor RV storage area. A neighboring vacant 2± acre parcel offers the opportunity to expand storage capacity or pursue additional development.
Additional Residential Income and Land Bank Opportunity- Two additional upland parcels, of approximately 3± acres, include existing manufactured homes that generate
residential rental income. These parcels also provide long-term redevelopment potential for additional residential units, workforce housing, or marina-support uses.
Multiple Revenue Streams Provide Stable and Resilient Cash Flow - The combination of marina operations, lodging, restaurant and bar, storage income, and residential rentals
creates a diversified revenue base that enhances income stability and reduces reliance on any single source.
Compeling Value-Add and Expansion Opportunity - The offering presents significant upside through motel redevelopment, expansion of boat and RV storage, additional residential units, and operational optimization.
Passive Ownership Opportunity with Professional Management Potential - The property is currently absentee-owned and operates successfully, presenting an opportunity for continued passive ownership or increased returns through active management and institutional operational efficiencies.