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110 Spinnaker Run Rd - Dowry Creek Marina 1,600 SF Specialty Building Offered at $3,583,658 CAD in Belhaven, NC 27810
INVESTMENT HIGHLIGHTS
- Reduced from $3,500,000 to $2,600,000 11.18% CAP
- Water and sewer on site. Also, in front of additional development land included.
- Leaves the Marina paying for 11 slips and private owners paying for 33.
- The restaurant business will be retained by the seller and leased the building from the new owner. Buying the restaurant is an option.
- Because of the BOA structure, with the Marina currently owning 40 of 73 slips, and 29 of those 40 slips being free in exchange for managing the pier.
- The Marina only funds 25% of the pier expenses, with the other owners funding 75% of the pier costs.
EXECUTIVE SUMMARY
***BACK ON MARKET – MAJOR PRICE REDUCTION – MUST SELL***
***CALL FOR OFFERS – DUE JANUARY 9TH, 2026 BY 5 PM***
Leisure Investment Properties Group, LLC is pleased to exclusively offer for purchase Dowry Creek Marina (also referred to as “The Marina”) in Belhaven, NC. The Marina is a family owned and operated marina that is a popular stop for yachts traveling the East Coast ICW at Mile Marker 132.
This is the busiest transient boat marina in the Carolinas and was designated the third best small marina in 2023 by Marina Life Magazine. This a secluded and very comfortable marina atmosphere away from the hustle of city marinas, yet close to services and shopping. The docks are owned by the Boataminium Owner’s Association who pays for the maintenance of the docks. The marina management owns 40 slips or 55%, which give the marina management majority of votes in the Association.
The marina management owns the real estate and building facilities. In 2023 this marina was voted the third best small marina in America by Marina Life Magazine.
***CALL FOR OFFERS – DUE JANUARY 9TH, 2026 BY 5 PM***
Leisure Investment Properties Group, LLC is pleased to exclusively offer for purchase Dowry Creek Marina (also referred to as “The Marina”) in Belhaven, NC. The Marina is a family owned and operated marina that is a popular stop for yachts traveling the East Coast ICW at Mile Marker 132.
This is the busiest transient boat marina in the Carolinas and was designated the third best small marina in 2023 by Marina Life Magazine. This a secluded and very comfortable marina atmosphere away from the hustle of city marinas, yet close to services and shopping. The docks are owned by the Boataminium Owner’s Association who pays for the maintenance of the docks. The marina management owns 40 slips or 55%, which give the marina management majority of votes in the Association.
The marina management owns the real estate and building facilities. In 2023 this marina was voted the third best small marina in America by Marina Life Magazine.
PROPERTY FACTS
| Price | $3,583,658 CAD | Lot Size | 14.76 AC |
| Price Per SF | $2,239.79 CAD | Building Size | 1,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1995 |
| Property Subtype | Marina | Parking Ratio | 14.91/1,000 SF |
| Building Class | B | ||
| Zoning | CG - Commercial | ||
| Price | $3,583,658 CAD |
| Price Per SF | $2,239.79 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 14.76 AC |
| Building Size | 1,600 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Parking Ratio | 14.91/1,000 SF |
| Zoning | CG - Commercial |
AMENITIES
- Signage
- Waterfront
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 7635-27-6866 | Improvements Assessment | $1,496,684 CAD |
| Land Assessment | $29,667 CAD | Total Assessment | $1,526,352 CAD |
PROPERTY TAXES
Parcel Number
7635-27-6866
Land Assessment
$29,667 CAD
Improvements Assessment
$1,496,684 CAD
Total Assessment
$1,526,352 CAD
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110 Spinnaker Run Rd - Dowry Creek Marina
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