110 Spinnaker Run Rd Belhaven, NC 27810

This exceptional waterfront investment opportunity presents the chance to acquire Dowry Creek Marina, a thriving marina located in Belhaven, North Carolina, at 110 Spinnaker Run Rd, 27810. Offered at $4,000,000 with an attractive 11.43% capitalization rate, this marina boasts a prime location on the Intracoastal Waterway (ICW) at Mile Marker 132, making it a popular destination for boaters along the East Coast. The marina benefits from a strong reputation, consistently receiving positive reviews and recognition, including being named one of the best small marinas in 2023. This success is driven by a loyal customer base cultivated through word-of-mouth referrals and prominent features in boating guides. The property includes on-site water and sewer infrastructure, and importantly, adjacent undeveloped land offers significant potential for future expansion. The marina's financial performance is further enhanced by a unique Boat Owners Association (BOA) structure. The marina owns 40 of the 73 slips, resulting in a cost-effective arrangement where it pays only 25% of pier maintenance costs while having access to nearly all slips. The existing restaurant will be leased to the new owner, with a purchase option available. This presents a turnkey operation with immediate income potential and significant upside for future growth. This is a rare opportunity to acquire a well-established, high-performing marina with substantial potential for increased profitability and expansion.