618 Marina Dr
Nebo, NC 28761
Liquid Play Boat Slips · Specialty Property For Sale

Lake James Boat Slips Back on the Market. Buyer terminated. Great opportunity to own and operate a bank of boat slips that are 90% leased and require ZERO on-site management. Offering includes: 8/10th's of an acre of shoreline, plus marina slips D, E, F, G & H totaling 70 slips. Slips are heavy duty float construction that can support aluminum canopies for covered docks. Rents have remained stable at $1,800 per slip, per year. 15% vacancy on average since operation in 2008. Expenses include lease payment to Duke, Insurance, Property Taxes, Maintenance, Utilities and Mgmt Fee. This offering is located adjacent to the Bear Creek Marina and does not include the marina property. Slip leases are paid annually in advance. Operating Agreement with landlord, Duke Energy, to operate the slips expires in 2055. Tremendous upside potential to increase revenue and to expand products and services to include covered slips, boat sales, boat rentals, vending, and possible further development of an adjoining rear parcel approximately 3 acres. Proof of Funds to accompany offers, thank you. Call listing agent for additional information. Call listing agent for additional information.