The Leisure Property Advisors of Colliers International is pleased to exclusively offer for purchase Mill Creek Marine, a high-quality boat service center and dry stack marina centrally located on the Narragansett Bay in North Kingstown, Rhode Island. It is the only on-the-water Mercury and Suzuki facility on the Narragansett Bay and has enjoyed significant success in the region for engine repowers and repairs.
Mill Creek Marine also offers dry stack storage for up to 167 boats in the only fully enclosed dry rack building in Rhode Island. Due to the owner’s primary focus on boat service, significant upside remains in boat storage. Indoor winter storage is 100% full with an opportunity to expand capacity at a minimal investment. In addition, annual and seasonal storage also present an opportunity for a new owner. Finally, a fuel dock is coming on line in April 2020, which is projected to generated significant revenue and NOI as it will be the only fuel dock in Allen Harbor.
Excellent mid-bay location with direct and easy access to the Narragansett Bay
High quality boat service center and dry stack facility with storage for up to 167 boats in racks
The only fully-enclosed dry stack facility in Rhode Island
In-place cash flow with significant upside from inside winter storage and annual rack storage
newly constructed fuel dock (coming on line April 2020)
- Property Type
Office
- Total Acres
4.53
- Property ID
2135427
