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Investment Highlights

  • Well-established marina with exceptional opportunities for value-ad projects that would provide a surge to profitability and an expanded operation
  • A fully stocked and convenient Marine Store
  • Massive daily drive-by exposure provided from the Garden State Highway bridge

Executive Summary

This 9.38-acre full-service marina has been successfully operated as a family business for the past 60 years. Its regular high-quality customer base averages 350 to well over 400 customers and the list is growing. West slips and storage on the hard provides a safe harbor just minutes from Raritan Bay and a beautiful boat ride to New York City. With three operating 25-ton Travelift units, the yard can haul and block vessels up to 50' quickly and safely and there is never a problem with downtime due to mechanical breakdowns. A convenient and well-stocked Ships' Store and parts counter provides everything a boater might need for maintenance, repairs and provisioning. This is a cash-flowing entity with exceptional opportunities for value-ad projects that would provide a surge to profitability and an expanded operation. There is ample space on the uplands to reconfigure blocked boats to open the property up for additions like a restaurant, a waterfront bar, boat club, rentals, covered storage and more (all subject to approvals and permits of course). Massive daily drive-by exposure provided from the Garden State Highway bridge on the marina property's western border is priceless. Morgan Marina is a quietly and successfully operating opportunity for its next owner to expand the vision and carry it to a higher level!

Attachments

Morgan OM

Property Facts Under Contract

Price $8,070,256 CAD
Price Per SF $2,017.56 CAD
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Marina
Building Class B
Lot Size 23.13 AC
Building Size 4,000 SF
No. Stories 1
Year Built 1972
Zoning MW - Marine waterfront

Amenities

  • Waterfront
Somewhat walkable
20/100
Exceptionally drivable
100/100

Property Taxes

Property Taxes

Parcel Number
19-00451-0000-00002
Land Assessment
$1,366,199 CAD
Improvements Assessment
$501,450 CAD
Total Assessment
$1,867,649 CAD
  • Listing ID: 25619457

  • Date on Market: 2022-05-03

  • Last Updated:

  • Address: 8000 Gondek Drive, Parlin, NJ 08859

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