For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,400,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $428
MLS Listing ID MDBC490288
Sold Date 03/17/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1964
Annual Tax Amount $14,666
Tax Year 2021
Lot Size 3.920 Acres
Acres 3.92
Property Description
Successful Family Owned Full Service Marine Facility! Baltimore Boating Center was Founded in 1965. This amazing marina is within 30 minutes of DT Baltimore yet offers a serene, park like setting on the beautiful Sue Creek which opens to Middle River and then the Famous Chesapeake Bay. Most clients are repeat customers and feel like family to the owners. This is a highly successful business that offers the buyer an 11.25% CAP rate and a lifestyle if you want to owner operate too. There is a tiki bar, cabanas, Paddle boat rentals, and lots of places for the clients to interact and enjoy one another's company. On 3.92 AC, with 700 Ft water frontage and a 5' to 6' water depth, we have 65 slips for boats up to 45'. Winter storage for boats includes 125 High & Dry Racks for boats up to 27' and we shrink wrap and ground store larger boats as well. The 5600 sq. ft. building includes a full service 4 bay repair shop, a 1500sf marine supply store, Yacht Brokerage and Boat Sales office, and much more. All departments have Managers in place and Factory Trained Technicians. Our Maryland Clean Marina certification along with the only Bay Wise certification in the area shows we are stewards of protecting the environment. The 5600sf Building is heated with a clean burn furnace powered by recycling motor oil from the oil changes in the shop! We have a rain garden and a bio-retention garden and are committed to protecting and saving the environment. This is a very rare opportunity to invest in a thriving business and, if you want, a lifestyle like no other! As for the Quarantine, No problem! Our business is up 92% from the 1st quarter last year!
Location
State MD
County Baltimore
Zoning DR5.5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Bio Fuel, Oil, Other
Exterior
Garage Spaces 120.0
Waterfront Description Boat/Launch Ramp,Private Dock Site
Water Access Y
Water Access Desc Boat - Powered,Canoe/Kayak,Private Access
View Marina, River, Scenic Vista, Water
Accessibility None
Total Parking Spaces 120
Garage N
Building
Lot Description Bulkheaded, Cleared
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore County Public Schools
Others
Tax ID 04151513751750
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Diana L. Whitney • Whitney-Wallace Commercial Real Estate Services, LLC