601 Otter Point Rd | Abingdon, MD 21009
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601 Otter Point Rd
Abingdon, MD 21009
Otter Creek Marina · Specialty Property For Sale
·
630 SF
INVESTMENT HIGHLIGHTS
- Established marina with a convenient location and access to I-95 corridor
- $183,000 in NOI assuming general manager and $247,000 in NOI if self-managed
- Simple operation primarily driven by summer slip rentals, winter land storage, and boat transport; great for first-time marina owner
- Several value-add opportunities for new owner to increase cash flow
PROPERTY FACTS
| Property Type | Specialty | Building Size | 630 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built/Renovated | 1988/2017 |
| Lot Size | 0.37 AC | ||
| Zoning | B1 - C - Commercial | ||
| Property Type | Specialty |
| Property Subtype | |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 630 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1988/2017 |
| Zoning | B1 - C - Commercial |
AMENITIES
- Waterfront
ABOUT 601 OTTER POINT RD , ABINGDON, MD 21009
The facility is a simple operation that is driven by summer rental of its 64 wet slips and winter land storage for up to 110 boats. The operation also includes boat service & repair (leased), a boat transport service, an active fuel dock, a rental apartment and a small rental house.
PROPERTY TAXES
| Parcel Number | 01-095285 | Improvements Assessment | $7,000 |
| Land Assessment | $223,300 | Total Assessment | $230,300 |
PROPERTY TAXES
Parcel Number
01-095285
Land Assessment
$223,300
Improvements Assessment
$7,000
Total Assessment
$230,300
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