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84 Westcott Rd
North Kingstown, RI 02852

Mill Creek Marine & Dry Stack · Specialty Property For Sale · 30,470 SF

INVESTMENT HIGHLIGHTS

  • $490,000 of in-place cash flow with several opportunities to increase
  • 100% full in indoor winter storage with opportunity for new owner to add new indoor capacity with minimal investment
  • Ability to add 3,000 sq. ft. to the boat service center
  • Fuel dock opening April 2020 - Will be the only fuel dock in Allen Harbor
  • Upside from leasing annual or summer seasonal dry rack storage

PROPERTY FACTS

Property Type Specialty
Property Subtype
Marina
  • Specialty Self Storage
  • Specialty Shipyard
Building Class C
Lot Size 4.53 AC
Building Size 30,470 SF
No. Stories 1
Year Built/Renovated 2011/2014

AMENITIES

  • Waterfront

ABOUT 84 WESTCOTT RD , NORTH KINGSTOWN, RI 02852

Mill Creek Marine is a high-quality boat service center and dry stack marina centrally located on the Narragansett Bay in North Kingstown, Rhode Island. The facility, which opened in 2011, occupies 4.534 acres leased from the State on a long-term basis. Mill Creek Marine offers a full range of boat service and repair with a specialty in engine repair and repowers. The facility is a factory authorized service center for Mercury, Suzuki and MerCruiser. It is the only on-the-water Mercury and Suzuki facility on Narragansett Bay and has enjoyed significant success as such. Mill Creek Marine also offers dry stack storage for up to 167 boats in the only fully enclosed dry rack building in Rhode Island. At present, only 54 of the rack spaces have bunks installed creating a lot of upside for the next owner with minimal capital investment in purchasing additional bunks. Inside winter storage on the building floor and in the racks not used by annual and summer rack tenants is also a part of the operation. Mill Creek Marine presents an attractive opportunity for parties interested in acquiring a successful boat service facility with significant upside in boat storage. Broker of Record: David Goodhue, Colliers International New England

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NKIN-000194-000002
Land Assessment
$1,180,800
Improvements Assessment
$1,666,400
Total Assessment
$2,847,200

ZONING

Zoning Code QBPD
QBPD
  • Listing ID: 18806398

  • Date on Market: 3/9/2020

  • Last Updated:

  • Address: 84 Westcott Rd, North Kingstown, RI 02852

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