4430 Kingsport Rd - Grande Harbour Marina
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4430 Kingsport Rd - Grande Harbour Marina
44,000 SF Specialty Building Offered at $4,950,000 at a 7% Cap Rate in Little River, SC 29566
INVESTMENT HIGHLIGHTS
- 160 Boat Dry Storage & Boatyard with Waterfront Restaurant on the ICW with good ocean access. Expansion Potential for 92 - 108 additional Boat Racks
- A new leased waterfront restaurant is in place on the property
EXECUTIVE SUMMARY
SPECIAL ANNOUNCEMENT - $550,000 PRICE REDUCTION:
GRANDE HARBOUR MARINA is 160 Boat Dry Storage & Boatyard - with a new Waterfront Restaurant (leased). It was built in 1973 and the Owner has recently completed over $2.0M in improvements - including: New 3,000 sf Restaurant & Deck; New metal roof on boat storage building; 60 new boat racks (3-sided); and new Floating Staging Docks.
Additional features are: Boatyard with a 60 ton travel-lift; Fuel Dock on the ICW with above-ground storage tanks; Commercial Tenants for Mechanical, Canvas & Fiberglass.
Upside potential to add 92 additional boat racks (Open or 3-Sided) and additional Marina Operations (Boat Sales, Boat Rentals and/or Boat Club.
Prime location on the Atlantic ICW just 5 miles to the Little River Inlet in North Myrtle Beach with no bridge openings required. The demand for boat storage is high with area marinas at high occupancy rates and waiting lists. The area features high-end homes and retail activity.
GRANDE HARBOUR MARINA is 160 Boat Dry Storage & Boatyard - with a new Waterfront Restaurant (leased). It was built in 1973 and the Owner has recently completed over $2.0M in improvements - including: New 3,000 sf Restaurant & Deck; New metal roof on boat storage building; 60 new boat racks (3-sided); and new Floating Staging Docks.
Additional features are: Boatyard with a 60 ton travel-lift; Fuel Dock on the ICW with above-ground storage tanks; Commercial Tenants for Mechanical, Canvas & Fiberglass.
Upside potential to add 92 additional boat racks (Open or 3-Sided) and additional Marina Operations (Boat Sales, Boat Rentals and/or Boat Club.
Prime location on the Atlantic ICW just 5 miles to the Little River Inlet in North Myrtle Beach with no bridge openings required. The demand for boat storage is high with area marinas at high occupancy rates and waiting lists. The area features high-end homes and retail activity.
PROPERTY FACTS
| Price | $4,950,000 | Building Class | C |
| Price Per SF | $112.50 | Lot Size | 3.66 AC |
| Sale Type | Investment | Building Size | 44,000 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1972 |
| Property Subtype | Marina | Parking Ratio | 2.73/1,000 SF |
| Price | $4,950,000 |
| Price Per SF | $112.50 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 3.66 AC |
| Building Size | 44,000 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 2.73/1,000 SF |
AMENITIES
- Waterfront
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PROPERTY TAXES
| Parcel Number | 31216030053 | Improvements Assessment | $56,043 |
| Land Assessment | $137,655 | Total Assessment | $193,698 |
PROPERTY TAXES
Parcel Number
31216030053
Land Assessment
$137,655
Improvements Assessment
$56,043
Total Assessment
$193,698
ZONING
| Zoning Code | RC (Resource Conservation) |
| RC (Resource Conservation) |
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4430 Kingsport Rd - Grande Harbour Marina
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