The Leisure Property Advisors team of Colliers International is pleased to exclusively offer for purchase Otter Creek Marina, an established wet slip marina located on the scenic Bush River just a short boat ride from the central Chesapeake Bay. The facility has excellent access to I-95 and draws from both the northern Baltimore suburbs, as well as Pennsylvania. The facility is a simple operation that is driven by summer rental of its 60 wet slips and winter land storage for up to 110 boats. The facility's operation also includes boat service & repair (leased), an active fuel dock, a rental apartment and a small rental house. Otter Creek Marina presents an attractive opportunity for a first-time marina owner interested in acquiring an established marina with several value-add opportunities to increase cash flow.
ESTABLISHED MARINA WITH A CONVENIENT LOCATION AND ACCESS TO I-95 CORRIDOR
SIMPLE OPERATION PRIMARILY DRIVEN BY SUMMER SLIP RENTALS AND WINTER LAND STORAGE; GREAT FOR FIRST-TIME MARINA OWNER
$151,000 IN NOI ASSUMING GENERAL MANAGER AND $191,000 IF SELF-MANAGED
SEVERAL VALUE-ADD OPPORTUNITIES FOR NEW OWNER TO INCREASE CASH FLOW
