145 River RdElkton, MD 21921

Property Details for 145 River Rd

Lot size

13.86 AC

Property size (Sq ft)

3,764 SF

Zone code

MB

Property type

Other commercial real estate

APN

02-015439

APU

2015439

Description

This exceptional investment opportunity encompasses two established marinas situated on the Elk River's eastern shore near Elkton, Maryland. The property includes approximately 15 acres of land zoned for both commercial and residential use, boasting 164 wet slips accommodating boats up to 35 feet in length. New pilings, decking, and finger piers enhance the marina infrastructure. Both marinas are certified under Maryland's Clean Marina program, featuring modern amenities such as air-conditioned restrooms and showers. The marinas offer spectacular sunsets over the Elk River. The property also includes a historic waterfront home (approximately 2,000 square feet, 4 bedrooms, 2 bathrooms, private in-ground pool) and a renovated waterfront cottage (approximately 1,200 square feet, 2 bedrooms, 2 bathrooms). Additional structures include a 700-square-foot office/ship's store and six 10x12 service sheds. The marinas provide wet and dry boat storage, limited marine services (hauling, shrink-wrapping, winterization, detailing), and a seasonal picnic area with a gazebo and grills (Taylor's Marina only). The property also features a large fenced area for boat storage, offering a store and launch program during summer months. The mean low water depth at the slips is 3.5 feet, with sufficient channel depth for access to the Chesapeake Bay. The asking price is $2,250,000. As of January 2020, the total assessed value of the real property, including buildings and docks, was $2,150,866.

• Alternative Use

  Use

  Valuation

  Residential

  $1,134,606

  Hospitality

  $1,039,293

  Educational

  $864,679

  Medical

  $894,417

  Retail

  $1,345,057

Location Insight

City

Elkton

County

Cecil

State

Maryland

Latitude

39.5633

Longitude

-75.8463

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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