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30301 S River Rd - Boat Town Marina & Rentals LLC 160 SF Specialty Building Offered at $794,938 CAD at a 11.46% Cap Rate in Harrison Township, MI 48045
INVESTMENT HIGHLIGHTS
- Seasonal wells that have been managed by the same salesman for 10 years at low cost
- Telephone, digital media, online booking, equipment all set to go for a fun summer business
- 8 tritoons that have appreciated since we bought them from 2017 through 2021
- winter storage on the property and shrink wrap sales also included in the gross sales
EXECUTIVE SUMMARY
63 seasonal boat wells that hold small boats up to 29' with two wells that can hold up to 34' boats
8 23' tritoons 4 with 150 hp mercruiser outboards, and 4 with 140 Suzuki outboards. 6 IN GREAT CONDITION IN AND OUT, 2 that have nice furniture and interior, but have been subject to dings and scratches.
1 25' tritoon that has an office built on it, with heat and A/C and a closet.
1 2018 Tritoon Float on trailer with dual axles and electric brakes
1 2021 tritoon hydraulic trailer that will pick up 27' tritoons and set them on the ground Triple axle 6,000 pound capacity
~150 life jackets
5 6' by 17' lillie pads
5 tubes and ropes
office furniture and 3 picnic tables
8 23' tritoons 4 with 150 hp mercruiser outboards, and 4 with 140 Suzuki outboards. 6 IN GREAT CONDITION IN AND OUT, 2 that have nice furniture and interior, but have been subject to dings and scratches.
1 25' tritoon that has an office built on it, with heat and A/C and a closet.
1 2018 Tritoon Float on trailer with dual axles and electric brakes
1 2021 tritoon hydraulic trailer that will pick up 27' tritoons and set them on the ground Triple axle 6,000 pound capacity
~150 life jackets
5 6' by 17' lillie pads
5 tubes and ropes
office furniture and 3 picnic tables
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $794,938 CAD | Building Class | C |
| Price Per SF | $4,968.36 CAD | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 160 SF |
| Cap Rate | 11.46% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 2021 |
| Property Type | Specialty | Parking Ratio | 25/1,000 SF |
| Property Subtype | Marina | ||
| Zoning | Marina - Marina | ||
| Price | $794,938 CAD |
| Price Per SF | $4,968.36 CAD |
| Sale Type | Investment |
| Cap Rate | 11.46% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 160 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Parking Ratio | 25/1,000 SF |
| Zoning | Marina - Marina |
AMENITIES
- Waterfront
ABOUT 30301 S RIVER RD , HARRISON TOWNSHIP, MI 48045
800' along South River Rd and the Clinton River. From Jefferson Avenue to Detroit St 63 boat wells All the equipment and 5 years of customer base that will return for some more fun. As boat prices have soared over Covid, Renting is smarter and much more affordable! Call for details and a tour of the facilities and financials
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PROPERTY TAXES
| Parcel Number | 17-12-16-179-003 | Total Assessment | $14,739 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD (-$0.01 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
17-12-16-179-003
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$14,739 CAD (2025)
Annual Taxes
-$1 CAD (-$0.01 CAD/SF)
Tax Year
2022
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Earl E. McHugh
30301 S River Rd - Boat Town Marina & Rentals LLC
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