$2,250,000 SALE
255,262 SF
1303 Oak Hill Rd
Lancaster, VA 22503 Yankee Point Sailboat Marina

Consistent evident factors reflect a healthy upward trend on top of a stable, strong existing cash flowing business at a near 9% cap rate. This makes this investment a unique opportunity to acquire a viable strong marina with an established successful operation. The financially stable community and the attractive location that attracts retirees contribute to the marina's investment long term stability. The marina has been designated as "Clean Marina" for over 18 years. It is located on 5.86 Acres and 942 feet of waterfront (approximately) with 101 slips with 8' at mean low water, and dry storage capacity of 180 boats with average winter storage of 145 boats. It offers gas and diesel dock with above ground tanks; Edson waste pump out system; Haul out slip for travel lift (20' x 43'); Launching ramp for trailerable boats; Ship's store; Cabinetry, woodworking and fiberglass shop; 65' paint barn with monitored human air supply, forced filtered exhaust and filtered air supply and radiant heating; Space-saving mast storage rack system with electric lift winches; and a separate office building. The marina boasts incredible amenities that have contributed to its customers' loyal base. It has a completely renovated and upgraded events center with full bar facilities (also serves as restaurant); free high-speed Internet at each slip and throughout the marina grounds; a café; a salt water swimming pool and laundry. NDA Required

Property Type Commercial-Other
Property Use Rental or Investment
Year Built 2004
Listing ID CY3XTT
Style Other Style
Building Size 255,262 SF
Lot Size 5.86 AC