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.
Listing Date: 01-30-2023
Sold Date: 05-29-2020
Listing Sold: 
3 Year(s), 9 month(s), 28 day(s) ago
Asking Price: $4,750,000
Selling Price: $4,750,000
Price Difference:
Same as list price
Anchored: No
Year Built: 2006
Asking Price Type: Fixed Price
County: Charleston
Land Size: 0.00
Title: Simmons Marina
Second Property Subtype: Special Purpose
Zoning: Light Industrial
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $4,750,000
Build To Suit: No
Property Use Type: Investment, Marina
Class Type: Special Purpose
Sold Date: 2020-05-29T00:00:00
Rentable Area: 1546
Courtesy of listing office Carolina Commercial, LLC