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Executive Summary

Marina- An incredible 'value-add' opportunity for an investor with the vision to transform this waterfront asset to be cash cow. This property is a diamond in the rough; it just takes the right vision to see the polished potential. Restaurant, The RIVAH, on Cobb Island was a well-established restaurant and marina located in Maryland for 35 years before the current owner took over. It had permit to play music outside. Large Eat in Restaurant, Tiki Bar Licnese was in place and may reapplied. Outdoor seating. Full Service Marina, 3 Docks, 88 Wet Boat slips & 45 Dry dock spaces with electric. Boat storage, 20 ton boat lift. Totally sale as is. Buyer is responsible to do all due diligence before the purchase. Property sale as is.

Property Facts

Price $130,000
Price Per SF $30.09
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Marina
Building Class C
Lot Size 1.50 AC
Building Size 4,320 SF
No. Stories 1
Year Built 1972
Zoning CV

Amenities

  • Waterfront
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
05-000297
Land Assessment
$395,500
Improvements Assessment
$390,700
Total Assessment
$786,200
  • Listing ID: 40409736

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: 12364 Neale Sound Dr, Cobb Island, MD 20625

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