7405 Forbes Rd - Marinas FOR SALE


Cincinnati, OH 45233- Sayler Park
$1,750,000 USD
513-845-2822
7405 Forbes Rd, Cincinnati, OH for Sale
$1,750,000 USD
Marinas - FOR SALE
1/18
null | Request Cap Rate

7405 Forbes Rd
Cincinnati, OH 45233
Sayler Park


HIGHLIGHTS

  • Nearly 6 acres of cash flowing water front property adjacent to a park, brewery and seasonal bar that could be developed.
  • The marina generates year around storage income with capacity to add more storage customers.& grow related profit streams.
  • Situated 12 miles from downtown Cincinnati, OH easily accessible via Rt. 50
  • Significant undeveloped areas within the property allowing for development without affecting the existing business
  • Undeveloped areas on the property that could be used for a bar/restaurant, RV spots, outdoor pickleball courts, etc.
  • 26 Carports provide covered storage for 52 boats aren't taxed as real property. 

OVERVIEW

Mariner's Landing Marina offers a unique opportunity to acquire a well-established and profitable business in a prime waterfront location with value-add opportunities. Located next to a park, a brewery, and a seasonal outdoor restaurant, this landmark marina on the Ohio River boasts a loyal clientele and provides a variety of services to boaters and recreational enthusiasts. The sale includes all necessary equipment for marina operations, ensuring a seamless transition for the new owner. The marina generates strong revenue streams from slip rentals, winter storage, fuel sales, used boat and trailer sales, and boat maintenance services, including winterizing. With high occupancy rates, the property features 200 dry slips with room for expansion and 30 wet storage slips. Strategically located, Mariner's Landing is easily accessible by land and water, situated directly off RT 50 and near the Kentucky border, just 12 miles from Downtown Cincinnati. Top-notch amenities enhance the appeal of this property, including a fuel dock, an inground swimming pool with a large patio area, a shaded picnic area, a boat wash area, bathrooms with showers, a ship store, valet launching service, and on-site boat and trailer repairs. There are 26 car ports that provide year around covered storage for 52 boats. Buildings on the property include: 1,370 sq ft office with a bathroom, a 625 sq ft bathhouse, two garages (1,060 sq ft and 960 sq ft), and a 40 ft high cube and 20 ft storage container with electric panels and lighting. There's a new 8x10 wood shed and a smaller shed in the boat wash area as well. The shaded picnic area and swimming pool with its large patio adds to the property's recreational appeal. Mariner's Landing Marina is not just a business; it's a vibrant community hub for boating and recreation. This investment opportunity combines a strategic location, robust revenue streams, and its numerous amenities, making it an attractive prospect for investors looking to capitalize on a thriving waterfront property. There's a significant amount of underutilized space which could be used for various development possibilities such as adding a bar/restaurant, RV spots or pickleball courts. Other value-added opportunities could be the addition of houseboats or cabin cruisers for short term rentals, adding a boat rental operation or build riverfront town homes.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariner's Landing

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

212

LAND DETAILS

LAND ACRES

5.73 AC

LAND SF

249,599 SF

ZONING

RF-C

APN/PARCEL ID

167-0003-0006,167-0003-0017

ASK ABOUT THIS PROPERTY

David TonneMariner's Landing IncMore Info
513-845-2822

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

David TonneMariner's Landing IncMore Info
513-845-2822

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