$3,900,000
$4,750,000
17.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/29/2020
Key Details
Sold Price $3,900,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 30557053
Sold Date 05/29/20
Year Built 2006
Property Description
Very unique opportunity to acquire a small dry stack marina in the heart of the old village of Mt. Pleasant. This type of investment opportunity does not happen often. Only 275 dry slips exist in the trade area with virtually no ability to add additional supply in the future (while the population continues to grow in Mt. Pleasant at a record pace). Supply and demand fundamentals for dry slip marinas are unlike all other commercial real types that have been overdeveloped during the last 10 years. Impressive annual rent growth can be illustrated over the past 10 years. Marina stays full and usually has a waiting list. 65 slips, new Wiggins forklift, new floating docks, new site work, new fuel pump, new sea wall, etc. Lots of potential and could be a great waterfront covered land play at this price. Call or email for details.
Location
State SC
County Charleston
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Dunston Powell • Carolina Commercial, LLC