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GOLDSBOROUGH MARINE 709 W Main St 9,240 SF 100% Leased Retail Building Crisfield, MD 21817 $1,800,000 ($194.81/SF) 5.56% Cap Rate
Investment Highlights
- Long-standing boat dealership in Crisfield, MD (est. 1971)
- Turn-key business sale including all inventory and full-service shop (3 bays)
- Prime location in Crisfield, a hub for fishing, sailing, and cruising
- Offers new/used boats, parts, and trailers (EZ Loader, Load-Rite)
- 9,240 SF building + 2-bay warehouse; includes owned boat ramp across the street
- Top-rated Mercury Marine dealer for 48 years; Platinum dealer status
Executive Summary
Goldsborough Marine is a long-standing boat dealer in Crisfield, MD, known for sales, service, and custom rigging—especially for commercial, fire/rescue, and recreational boaters. They specialize in Mercury and Yamaha outboards and brands like Carolina Skiff, Lowe, and C-Hawk, offering new and used boats, parts, and trailers such as EZ Loader and Load-Rite.
This is a turn-key business. Goldsborough has been in operation since 1971 and is being sold as-is, with all inventory included, along with a complete service shop featuring three bays. The building and workshop total 9,240 square feet. There is also a two-bay warehouse on the main lot, and across the street is a boat ramp owned by the business. Goldsborough Marine is conveniently located next to the second-largest marina in Maryland, with 515 boat slips. Crisfield is a hub for fishing, sailing, and cruising, which keeps the business busy with transient and recreational boaters who can easily walk or drive over.
The dealership has remained a top-rated Mercury Marine dealer (a division of Brunswick Corp.) for the past 48 years, serving the Chesapeake Bay area with quality sales and service. Goldsborough Marine is a Platinum dealer and employs one master technician and one certified technician.
This is a turn-key business. Goldsborough has been in operation since 1971 and is being sold as-is, with all inventory included, along with a complete service shop featuring three bays. The building and workshop total 9,240 square feet. There is also a two-bay warehouse on the main lot, and across the street is a boat ramp owned by the business. Goldsborough Marine is conveniently located next to the second-largest marina in Maryland, with 515 boat slips. Crisfield is a hub for fishing, sailing, and cruising, which keeps the business busy with transient and recreational boaters who can easily walk or drive over.
The dealership has remained a top-rated Mercury Marine dealer (a division of Brunswick Corp.) for the past 48 years, serving the Chesapeake Bay area with quality sales and service. Goldsborough Marine is a Platinum dealer and employs one master technician and one certified technician.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Building Size
9,240 SF
Building Class
B
Year Built
1979
Price
$1,800,000
Price Per SF
$194.81
Cap Rate
5.56%
NOI
$100,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Amenities
- Storage Space
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-112181 | Improvements Assessment | $191,700 |
| Land Assessment | $96,100 | Total Assessment | $287,800 |
Property Taxes
Parcel Number
07-112181
Land Assessment
$96,100
Improvements Assessment
$191,700
Total Assessment
$287,800
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GOLDSBOROUGH MARINE | 709 W Main St