11505 NE Yacht Harbor Dr
Portland, OR 97217
Salpare Marina · Specialty Property For Sale · 5,000 SF

Salpare Bay Marina occupies 20 fee-simple acres on Hayden Island, adjacent to a brand new apartment complex built to condo specifications. This location provides an opportunity to attract new boaters and traffic to the property as the apartment building continues to lease. Unlike other marinas, this is a fee-simple ownership and not on leased land. Many marinas offer services like fuel, boat repair, and other management intensive activities that not only increase insurance and payroll expenses, but require an owner to either stay actively involved in the operation or hire a management team. Salpare Bay Marina allows a new owner to come in day one and capitalize on the market rate increases effective April 1st, 2018, as well as add additional amenities that can make the property even more of a destination (i.e. boat rentals, kayak/SUP rentals, etc.). The primary revenue-generating improvements include: (a) 210 wet slips; (b) utility reimbursements; and (c) promotional events.