Elberton Specialty for Sale
This is a rare opportunity to acquire a successful, long-running, marina on Georgia’s Lake Richard B. Russell shoreline. Beaverdam Marina and Adventure Center is a hidden gem on a beautiful, undeveloped lake within close proximity to major population centers.
The 112 covered boat slips are at full occupancy, with a wait list. A new owner can continue to capitalize on diverse profit centers, including covered boat slip rentals, covered single-bay self-service boat storage, outdoor trailered boat storage, a fuel dock, a restaurant (The Anchor Restaurant), and a private boat ramp. There is plenty of value-add upside for a new owner to realize, including wet slip expansion with the addition of 60 covered slips awaiting USACE approval (with no new shoreline infrastructure required). Additional, easily-tapped, valueadd opportunities include introducing boat rentals, boat service and repair (an existing service garage is being used by an area mechanic for free), short-term vacation rentals in the two existing 3-bed/2bath trailers, and expanding the restaurant’s operating hours (historically seasonal from May- September).
All improvements are in great condition, with no deferred maintenance issues. Ownership has recently undertaken a major CapEx overhaul, including newly refurbished docks, extensive improvements to the grounds (riprap, concrete retaining walls, concrete paved public areas, and more), a massive outdoor adventure space with nearly an acre of artificial turf play-area, and extensive restaurant renovations including a new outdoor bar and seating area.
Beaverdam Marina sits on 472+/- park-like acres of US Army Corps of Engineers (USACE) land with frontage on lake Russell. The facility occupies only 12+/- acres of developed land, leaving 460+/- acres of undeveloped land for future expansion. The facility is operated under leasehold interest via a sublease from the Georgia Department of Natural Resources – GADNR (“Sublease”), which holds a master lease with the USACE (“Prime Lease”). Lake Richard B. Russell maintains a very stable pool, making dock operations relatively easy. Minimal lake pool fluctuation averages are around 5’.
Colisted by Simply Marinas in cooperation with
Graymeadow, LLC
1161 Hearthstone Way
Athens, GA 30606
phone: ?(239) 872-1220
rdietz@graymeadow.com
