For Sale $5,487,900 - Special Purpose
|Sale or Rent Price||$5,487,900|
|Land Size AC||7.2|
|Sub Type||Marina, Net Leased|
Coldwell Banker Commercial Elite is pleased to announce our exclusive listing of the COLONIAL BEACH YACHT CENTER (CBYC). This outstanding property features 7.2+/- acres located in Colonial Beach, Virginia, commanding the entrance to Monroe Bay from the Potomac River. This well protected year-round marina is improved with 140 slips sized from 25’ to 65’, with dockside capacity for vessels to 150’. Of the 140 slips, 36 slips are covered and under the covered slips are 4 lifts; 5 uncovered slips are also equipped with lifts. All of the docks, pilings, utility services and slip covers are new since the marina’s 2002 rebuild.
The slip holders are served by a 65’ fuel dock with easy access to the pump-out facilities and bathhouse. And, to round out a boater’s day, the beaches along the Potomac are pristine.
“Dockside Restaurant and Blue Heron Pub”, the full service restaurant located at the point, seats 200 and offers spectacular sunset views from their private party beach where groups to 1000 can be accommodated. Fine dining, local gatherings, private parties and seasonal events find this to be a perfect setting. The marina leases this operation.
Also leased by the marina ownership is the yard and maintenance operation. This is a full-service operation making use of a 6,500 SF building, 30 ton travel lift and 9 ton Holstar hydraulic trailer.
Current operations aside, of significant importance to the long-term owner of Colonial Beach Yacht Center is the additional value added by the current ownership’s planning for the marina’s expansion. Additional value can be immediately realized by adding twenty (20) wet slips and forty (40) dry-stack storage racks under the current approvals. Moreover, conceptual planning has been undertaken for a 200 rack boatel as well as a new restaurant/boutique hotel building overlooking the Potomac River.