Morningstar Marinas - Gwynn's Island
Special Purpose | 40,893 SqFt
Marketing description
Morningstar Marinas Gwynn’s Island presents a rare opportunity to acquire a stabilized 274+ dry slip marina with steady income from both dry stack and trailer/ boat storage. Located in the Chesapeake Bay’s Middle Peninsula - 75 miles east of Richmond, approximately 45 minutes north of Hampton, and 10 minutes from Mathews. The marina delivers tremendous utility and offers on-site marina services, a marine mechanic program, and optionality with outdoor storage/expansion. The marina has consistent occupancy levels above most marinas within the immediate market area with strong rental revenue history.
Investment highlights
Strong YoY Revenue Growth of 6.4% and ready for expansion
93% T12 Occupancy
Boat Storage:
Building 1: 28,893± SF
Building 2: 12,000± SF
Infrastructure & Amenities:
• Fully enclosed dry storage facility
• Work racks for light services
• Fish cleaning + certified weigh station
• Non-ethanol fuel
• Full-service mechanic program
• On-site boat wash, bottom paint, and detail service
• Fully stocked ship store, bait & tackle, onsite office
• Onsite 2 bedroom, 1 bathroom apartment for customer rental
• Trailer and boat-on-trailer storage
Acreage: 10.42 total (8.52 + 1.9)
Tax ID#: 8.52 AC: 11-A-48A, 1.9 AC: 11-A-52A
Zoning: B-1, Commercial
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