Industrial for Sale
Catylist Listing ID: 30722456
Property Subtypes: Food Processing, Free-Standing, Industrial-Business Park
Building Size (RSF): 73,252 SF
Sale Price: $5,750,000
Unit Price: $78.50 PSF
Property Use Type: Investment, Business
Building Name: OBX Marina
Usable Size (USF): 73,252 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/2/2021

Overview / Comments

IRREPLACEABLE OPPORTUNITY to own a marina on the Outer Banks, with a very short run to world class fishing out of Oregon Inlet. There is not another site from Norfolk to Morehead that can duplicate this operating marina with 110 dry stack slips, 40 outside storage racks, and 50 wetslips, plus the ability to expand all of the above. (a buyer would want to consider expansion, since there is a waiting list for all slips) Also included is the Dolphin Tour Boat and business, the Tiki Bar business, and 5 leased buildings other than the operating marina that generate substantial annual income as well. The marina is located within the Wanchese Seafood Industrial Park and currently has central water, with central sewer being installed soon. All the buildings are located on land that is leased from the State of NC, at very affordable and below market rates. The value of the marina is based on cash flow and future potential.

Additional Details

Nearest MSA: Kill Devil Hills
County: Dare
Tax ID/APN: 070705193586A7
Zoning: NONE
Tenancy: Multiple Tenants
Property Condition: Good
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,759 2,105 5,722
Median Age: 41.25 42.61 41.22
Households: 731 900 2,414
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