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510 Riviera Dr - Gunpowder Cove Marina

11.56 Acres of Commercial Land Offered at $6,900,000 in Joppatowne, MD 21085

Investment Highlights

  • A unique opportunity to own a full-service marina with over 11 acres of upland and flexible zoning to maximize redevelopment potential
  • Over 789,000 people living within a 30 minute drive from the subject property
  • Boasting more than 2,000 linear feet of waterfront
  • Located in a well-established bedroom community near Baltimore, MD -Over 789,000 people living within a 30 minute drive from the subject property
  • The existing marina has historically offered over 500 slips including; deep-water wet slips, lift equipped slips, upland dry storage, retail sales, f
  • 45 minutes from Baltimore, MD

Executive Summary

Marina has exceptional proximity to the Northern Chesapeake Bay, approximately 20 minutes by boat.
Nestled in a sheltered harbor just beyond a natural river bend, an ideally positioned marina for convenient and secure dockage.
Attractive opportunity for marina residential redevelopment.
Proposed redevelopment options include: Apartments (MF), Residential (attached and detached), Assisted Living Facility (ALF), Restaurant & Mixed-use (The proposed uses are conforming, but may be subject to Harford County approval)

Property Facts

Price $6,900,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Hotel
  • Master Planned Community
  • Single Family Development
Total Lot Size 11.56 AC

1 Lot Available

Lot

Price $6,900,000
Price Per AC $596,886
Lot Size 11.56 AC

The subject site is located in the Northern Chesapeake Bay region in a bedroom community right outside of Baltimore, MD. The subject consists of two parcels totaling a combined 11.56 acres.

Description

SVN Safe Haven Advisors, in partnership with SVN Miller CRE, is pleased to present "Gunpowder Cove Marina", a premier waterfront redevelopment opportunity located just 45 minutes from downtown Baltimore, MD. This expansive 11.56-acre site, boasting over 2,000 linear feet of waterfront and direct access to the Northern Chesapeake Bay, offers substantial redevelopment potential. Under the framework of the existing B3 zoning redevelopment would allow for: residential, apartments, assisted living facilities, mixeduse, along with many other desirable uses.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-139479
  • 01-131230
Land Assessment
$1,856,700
Improvements Assessment
$687,400
Total Assessment
$2,544,100

zoning

Zoning Code B3 (Community Business District)
B3 (Community Business District)
  • Listing ID: 32702040

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 510 Riviera Dr, Joppatowne, MD 21085

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