FOR SALE Joyner Marina 401 Marina Street Carolina Beach, NC Contact Kelvin Dumas, CCIM OFFER REALTY (919)

Transcription

1 FOR SALE Joyner Marina 401 Marina Street Carolina Beach, NC Contact Kelvin Dumas, CCIM OFFER REALTY (919)

2 PROPERTY OVERVIEW ± 5.58 acres ; ± 1.5 Acres of uplands; ± 4.08 Acres of submerged area with the fuel docks and marina> Zoning: Marina Business District, MB-1 and Residential District, R-1B 1,506 SF tackle shop/office with 2 residential apartments on 2nd floor Transient Dock is 237 linear feet (can dock 80 boat) 69 Boat slips; 53 slips are 45 ; 12 slips are 50 ; 2 slips are 41 ; and 2 are 35 Gas and diesel fuel pumps, a waste pump-out station Laundry and shower facilities

3 Key Benefits Only marina in Carolina Beach that has a fuel dock New bulkhead when originally purchased Green Certified marina Certified Clean bottom > Protected with rock jetty, which is very rare Gas Sales for 2016: $ 695, Due to recent regulations, there are significant barriers to entry for new construction of marinas Pump out station 2 Apartments above ship store. 1 with Sound view Shower and laundry facilities on site Location: Three block walk to Oceanfront/Beach/ Swimming area. Two Mile walk to Carolina Beach Central Business District

4 PROPERTY SUMMARY Offer Realty is pleased to offer for sale Joyner Marina, which is located in the heart of Carolina Beach, NC and is situated on ±5.58 acres with ±1.5 Acres of uplands and ±4.08 Acres of submerged area. Joyner Marina is being offered for a price of $3,500,000 which is less than half of the tax value. The property consists of 69 wet slips, wooden bulkhead, five metal gang planks, water and electric hookups and two gas pumps, one of which is diesel. In addition, there is a 1,506 SF tackle shop/office with two residential apartments on the second floor. Most notably, Joyner Marina is the only privately-owned marina in Carolina Beach that has a fuel dock. The marina is protected with rock jetty, which is very rare. STRENGTHS AND OPPORTUNITIES As it is the only privately-owned marina in Carolina Beach with a fuel dock, Joyner Marina has incredible upside. For 2016, slip rentals were $150,000 ± and gas sales were $695,000. It is also unique in that it is a Green Certified Marina with a Certified Clean bottom. A savvy investor can capitalize on these internal strengths and maximize the current opportunities in the market. Due to recent regulations, there are significant barriers to entry for new construction of marinas. In 2015 the Boating Industry generated $35.4 billion in expenditures. North Carolina is the 7th largest boating state in 2015 according to the National Marine Manufacturing Association. CAROLINA BEACH OVERVIEW The property is only a 2-mile walk to Carolina Beach Central Business District which has received numerous accolades. There is a strong seasonal population shift during the summer months, and the Town of Carolina Beach has nearly 2,000 seasonal accommodation units. The peak population, those residing permanently and those visiting at least overnight, was estimated to be anywhere from 8,500 to a high of approximately 14,000 total town population during a typical summer period. An additional 3,600-4,500 day-trippers, those visiting just for one day and not staying overnight, can be expected during a peak summer day. WALKING DISTANCE TO MULTIPLE POINTS OF INTEREST In addition to its proximity to Carolina Beach s Central Business District, Joyner Marina is three blocks from the beach/swimming area which offers: Carolina Beach Fishing Pier, Pleasure Island, surfing, jet skiing, the North End Freeman Park, Carolina Beach State Park, boating, fishing, scuba diving, island charters, yacht clubs, kayaking, and biking. Beach-goers are also attracted to the area because of Fort Fisher Aquarium and the USS North Carolina Battleship Memorial in Wilmington

5 69 wet dock slips PROPERTY IMPROVEMENTS Wooden bulkhead, 5 metal gang planks Water and electric hook ups, two gas pumps, one which is diesel Wooden walkway leading to the transit dock A 237 linear foot transit dock located along the Intracoastal Waterway. This dock includes gas, diesel, pump out and electricity service Gravel parking lot, asphalt parking, wooden bulkhead, two gasoline pumps and a 5,000 gallon diesel above ground gas tank and a 5,000 gallon gasoline above ground gas tank Brand new floating docks 1,506 SF on two floors ; First Floor: 1 interior bathroom, an open shop area, 2 storage rooms and an office area Exterior laundry room that has a men s and women s restroom, clean shower facility Second Floor: Residence is broken out into two bedrooms, two bathrooms, a living area, and two kitchen areas Painted wood walls, vinyl/tile/carpet flooring and fluorescent lighting 16 Camera security system New Gangway to Fuel Dock

6 Property Evaluation and Potential Value # of Slips Measurement (Linear Ft) Value (1000X) Total Value Linear Feet $45, $ 2,385, Linear Feet $50, $ 600, Linear Feet $41, $ 82, Linear Feet $35, $ 70, Slips Total=$ 3,137, Acre Value=$ 1,200, Additional Real Estate(Office & Apartment) $ 2,000, Total Broker Priced Opinion $ 6,337, Tax Assessed Value $ 7,567, Listed Price $ 2,900, Potential Equity Savings $ 4,667,000.00

7 Easy access and beautiful views to the Intracoastal waterway

8

9 A Dock all 45 Atlantic Atlantic Intracoastal Intracoastal Waterway Waterway Fuel Dock Store/Ofc B Dock all 45 C Dock all

10 Contact Kelvin Dumas CCIM (919) Joyner Marina For Sale 401 Marina Drive Carolina Beach, NC.