8000 Gondek Drive - Marinas FOR SALE


Parlin, NJ 08859
$5,900,000 USD
954-298-7703
8000 Gondek Drive, Parlin, NJ for Sale
$5,900,000 USD
Marinas - FOR SALE
1/12
null | Request Cap Rate

8000 Gondek Drive
Parlin, NJ 08859


HIGHLIGHTS

  • Well-established marina with exceptional opportunities for value-ad projects that would provide a surge to profitability and an expanded operation
  • Massive daily drive-by exposure provided from the Garden State Highway bridge
  • A fully stocked and convenient Marine Store

OVERVIEW

This 9.38-acre full-service marina has been successfully operated as a family business for the past 60 years. Its regular high-quality customer base averages 350 to well over 400 customers and the list is growing. West slips and storage on the hard provides a safe harbor just minutes from Raritan Bay and a beautiful boat ride to New York City. With three operating 25-ton Travelift units, the yard can haul and block vessels up to 50' quickly and safely and there is never a problem with downtime due to mechanical breakdowns. A convenient and well-stocked Ships' Store and parts counter provides everything a boater might need for maintenance, repairs and provisioning. This is a cash-flowing entity with exceptional opportunities for value-ad projects that would provide a surge to profitability and an expanded operation. There is ample space on the uplands to reconfigure blocked boats to open the property up for additions like a restaurant, a waterfront bar, boat club, rentals, covered storage and more (all subject to approvals and permits of course). Massive daily drive-by exposure provided from the Garden State Highway bridge on the marina property's western border is priceless. Morgan Marina is a quietly and successfully operating opportunity for its next owner to expand the vision and carry it to a higher level!

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$1,475 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Morgan Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23.13 AC

LAND SF

1,007,543 SF

ZONING

MW

APN/PARCEL ID

19-00451-0000-00002

ASK ABOUT THIS PROPERTY

Rick RoughenKW CommercialMore Info
954-298-7703

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Rick RoughenKW CommercialMore Info
954-298-7703

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