Marina For Sale149 N Delsea Dr, Cape May Court House, NJ 08210

James McGeehanVirtual Properties Realty2750 Premiere Pky,Duluth, GA 30097-7435jamesmc@vpr1.biz(404) 290-9982

Price: $4,475,000

Property Type: Specialty

Property Sub-type: Marina

Building Class: B

Sale Type: Owner User

Lot Size: 26.00 AC

Building Size: 4,700 SF

Sale Conditions: Business Value Included

No. Stories: 1

Year Built: 1980

Parking Ratio: 10/1,000 SF

Zoning Description: CD

APN / Parcel ID: 06-00038-01-00013

Walk Score ®: 2 (Car-Dependent)

Marina For Sale$4,475,000

MARINA 45 acre water front property245 boat slip- no bridges direct access to Delawarebay- about 3/4 of a mile.35 ton travel lift- 2 fork lifts- bath house with showers-picnic areas with very large gazebo3200 sq ft service shop- 1500 sq ft store/ office. Approvals/variance in hand to build a restaurant- andexpand the shop building height to 50' Indoor boat storage for 45 boat on storage racks, andapprovals to expand service shop and add more serviceracks- lots of other potential.Last appraised in 2013 for $12.2 million- asking todayonly $4,475.000Property taxes about $24,000 per year.Brackish waterLocated on busy state road- owner retiring due toillness Call or text James 404-290-9982

46 acre Marina 26 acres dry and 20 wet. 245 boat slips-direct access to Delaware bay and the ocean.Plenty of parking, 1500 sq ft store/office. 3200 sq ftservice shop with approvals for expansion.Nice bath house with showers-picnic area with verylarge gazebo- lots of potential.35 ton Marine Travel Lift plus 2 forklifts- one 30 ton andone 15 Ton. 1500 square foot apartment.Last appraised in 2013 for $12.2 Million- reduced pricedfor fast sale -owner retiring due to illness,seriousqualified buyers only.Seller may offer some Owner Financing.2000 feet of bulkhead in place- Cost to install bulkheadtoday is approximately $1.8 MAnnual Proforma Income Slip Rental Income $ 343,000 Dry Storage Rental $ 33,750 *Service Shop Rental w/ Apt $ 120,000 Fuel Sales- Part Sales Net $ 40,000 total $536,750 Expenses RE Taxes $ 25,000 Electric $ 7,200 Misc $ 8,000 total $40,200 Net Earnings $496,550 * Rent service shop w/ Apt. to a third party

Very large water front property. plenty of potential

Direct access to the delaware bay and the ocean -no

bridges

Cape May area - located on busy state road

Pre Zoning approval for a Restaurant and shop

expansion

Natural inland protecton/buffer from storms-inclement

weather

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Major Tenant Information

Tenant SF Occupied Lease Expired

Bayway Marina Inc -

149 N Delsea Dr, Cape May Court House, NJ 08210

MARINA 45 acre water front property245 boat slip- no bridges direct access to Delaware bay- about 3/4 of a mile.35 ton travel lift- 2 fork lifts- bath house with showers- picnic areas with very large gazebo3200 sq ft service shop- 1500 sq ft store/ office. Approvals/variance in hand to build a restaurant- and expand the shop building height to 50' Indoor boat storage for 45 boat on storage racks, and approvals to expand service shop and add more serviceracks- lots of other potential.Last appraised in 2013 for $12.2 million- asking today only $4,475.000Property taxes about $24,000 per year.Brackish waterLocated on busy state road- owner retiring due to illness Call or text James 404-290-9982

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