110 Spinnaker Run Rd - Dowry Creek Marina
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110 Spinnaker Run Rd - Dowry Creek Marina
1,600 SF Specialty Building Offered at $4,000,000 at a 11.43% Cap Rate in Belhaven, NC 27810
Investment Highlights
- Offered at $4,000,000 11.43% CAP RATE
- A growing customer base from excellent word of mouth from the boating community and mentioned in numerous boater guides.
- In 2023, this marina was voted the third best small marina in America by Marina Life Magazine.
- The restaurant business will be retained by the seller and leased the building from the new owner. Buying the restaurant is an option.
- Water and sewer on site. Also, in front of additional development land included.
Executive Summary
Leisure Investment Properties Group, LLC is pleased to exclusively offer for purchase Dowry Creek Marina (also referred to as “The Marina”) in Belhaven, NC. The Marina is a family-owned and operated marina that is a popular stop for yachts traveling the East Coast ICW at Mile Marker 132. This is the busiest transient marina in the Carolinas and was designated the third-best small marina in 2023 by Marina Life Magazine. This is a secluded and very comfortable marina atmosphere away from the hustle of city marinas, yet close to services and
shopping. The docks are owned by the Boataminium Owner’sAssociation which pays for the maintenance of the docks. The marina
management owns 40 slips or 55%, which gives the marina management majority of votes in the Association. The marina management owns the real estate and building facilities.
shopping. The docks are owned by the Boataminium Owner’sAssociation which pays for the maintenance of the docks. The marina
management owns 40 slips or 55%, which gives the marina management majority of votes in the Association. The marina management owns the real estate and building facilities.
Property Facts
| Price | $4,000,000 | Lot Size | 14.76 AC |
| Price Per SF | $2,500 | Building Size | 1,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 11.43% | Year Built | 1995 |
| Property Type | Specialty | Parking Ratio | 14.91/1,000 SF |
| Property Subtype | Marina |
| Price | $4,000,000 |
| Price Per SF | $2,500 |
| Sale Type | Investment |
| Cap Rate | 11.43% |
| Property Type | Specialty |
| Property Subtype | Marina |
| Lot Size | 14.76 AC |
| Building Size | 1,600 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Parking Ratio | 14.91/1,000 SF |
Amenities
- Signage
- Waterfront
- Air Conditioning
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110 Spinnaker Run Rd - Dowry Creek Marina
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