SRS Investment Properties Group is pleased to present the unique opportunity to acquire Lee Shore Marina with adjacent land, located on Wilmington Island in Savannah, GA. Having been in the family of the current owners for over 60 years, the Property originally served as a shrimping business throughout much of the 20th century. Though many of the marina’s boat slips are leased to long-time renters, the Asset provides ample opportunity to add value and/or potentially redevelop the Property, given the historically hands off ownership nature of the Asset.
The Subject Site is located along Johnny Mercer Blvd, at the intersection of Johnny Mercer Blvd and Wilmington Island Rd, directly behind a high-performing Publix store. Johnny Mercer Blvd runs east and west, connecting with US-80, which runs between Downtown Savannah and Tybee Island. The subject Property is located in a high profile position with extremely high barriers to entry, along Turner Creek near the Wilmington River with direct access to the Intracoastal Waterway. Adjacent to Turners Cove Townhomes and with proximity to abundant nearby residential communities like Savannah Country Club, Lee Shore Marina consists of a former processing plant facility with mezzanine storage, a portable office building, a former ice house, an equipment building and a restaurant. Marina docking includes both concrete stationary docking and floating docks. Additional site improvements include shoreline bulk headings, asphalt paved driveways and parking areas and boat staging areas.
