Listing Summary
Cash-flowing marina investment opportunity in Jeffersonville, IN with 180 boat slips on the Ohio River, generating $350,000 NOI at a 7% cap rate.
Full Description
Cash-Flowing Marina Investment Opportunity on the Ohio River (7% Cap Rate)
Acquire a stabilized, income-producing marina in Jeffersonville, IN, featuring 180 fully operational boat slips generating a current $350,000 Net Operating Income (NOI) at a strong 7% Capitalization Rate. This well-maintained property benefits from regular dredging and ample parking. The offering includes CPA-certified financials for transparency.
Significant Value-Add Upside: Immediate growth potential exists by increasing current slip leasing rates. Furthermore, the property allows for the addition of another dock to accommodate 60 additional slips, drastically increasing future cash flow. Prime access to the Lewis and Clark Bridge and an adjacent 20+ acres available for expansion or alternative development solidify this as a true "cash cow" opportunity in a prime riverfront location.
Quick Glance
- Listing ID:
CL-Indiana-27210
- Status:
Active
- Year Build:
1977
- Building Size:
13,845 SqFt
- Lot Size:
N/A