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149 N DELSEA DR Cape May Court House NJ 08210

[Locked] • APN 06 00038-01-00013

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Details
Property Type Special Purpose
Sub Type Marina
Building SqFt 270,000
Days on Market ******
APN 06 00038-01-00013
Latitude 39.1175
Longitude -74.8680

Property History

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Property Type
Property Type
Special Purpose
Property Subtype
Marina
Marketing Description

Bayway Marina is an opportunity to take a profitable business today, and transform it into one of the leading marina facilities in South Jersey. Initial investment plan calls for: Re-branding (advertise, website); Hiring staff; growing slipholder base; maximize amenity package. With 43 acres of land and tidelands owned fee simple (approximately seven acres of uplands are developable), a new owner should find great success by creating better use for the property through efficient land storage, a new dry stack facility, or RV sites, to name a few.

Other existing amenities are currently limited in capacity, but poised to grow and serve Bayway’s customer base with an in-place staff. The current ship’s store structure can be upgraded into a small restaurant operation, which would have a big competitive advantage and built-in market for the West side of the peninsula.

Investment Highlights
  • <15 Miles to Blue Water

  • Immediate Access to Delaware Bay!

  • No Other Marinas on this Side of Peninsula

  • 245 Wet Slips | 45 Dry Racks

  • 6+ Acres of Fee Simple Uplands (43 Acres Including Tidelands)

  • 2,300' of Water Frontage

  • All Steel Pilings

  • Rare Value-Add Opportunity in Terms of Management and Operation

  • Apartment On-Site for New Owner or On-Site General Manager

  • Numerous Upside Opportunities:

    • 300-Rack Dry Storage Facility (sufficient waterfront uplands is rare to find)

    • Increase Rates to Market Once Occupancy is Stabilized

    • Add Fishing Charters, Boat Rentals, and/or Boat Club

    • Grow Service Department

    • Introduce Floating Homes/Airbnb Concept

    • Variance for Light Restaurant

    • Grow Ship’s Store

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
CK
Chris Karamitsos PRO
•••.•••.1144
•••••••tsos@•••••••.com
Brokerage logo
Listing removed on
 BY:
BM
Brett Murphy
•••.•••.0196
•••rphy@•••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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This rental data is based on the nearest market to this property: Millville, NJ.
Millville, NJ median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Millville, NJ (nearest market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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