(MENAFN- Market Press Release)July 22, 2021 4:38 pm - 78-slip, fully-occupied marina on the Jersey Shore is listed for sale at market bid
M arina at Barnegat Light, a fully occupied marina located on Long Beach Island, has hit the market. The marina, which is listed for sale at market bid, includes more than half an acre of land, a 4,400-square-foot marina building and 78 protected wet slips with transient capacity for up to 150-foot yachts.
The service center is currently leased by Tom Pimm Marine Services, which provides boat service and fiberglass work.
Dan Grovatt, Andrew Cantor and Matt Putnam of Colliers Leisure Property Advisors, Andy McGhee of Colliers Pennsylvania, and Tony Didio of Colliers Southern New Jersey are representing the marina in the sale.
“Long Beach Island has been a big winner throughout the COVID-19 pandemic as wealthy residents of New York City and Philadelphia look to spend more time on the Jersey shore. As a result, the boating industry has seen historic growth, with boat sales and demand for slips at an all-time high. The Marina at Barnegat Light is no exception with 100 percent occupancy and a long waiting list for its 78 wet slips.”
Dan Grovatt, Managing Director, Leisure Property Advisors, Colliers
The Marina at Barnegat Light is the only marina in the area to offer floating docks, which are preferred by boaters because they rise with the tides and are safer for docking. Slips can accommodate boats up to 50 feet inside the breakwater, and up to 100 feet outside the breakwater, and offer 30 amp or 50 amp power along with water.
The property also has restrooms and shower facilities, a fish cleaning table, fresh water hookups, ice available for purchase, and bait and tackle within walking distance. There is also a retail space on site that is currently vacant.
“There's significant upside potential for an investor through the expansion of the onsite amenity package. The close proximity to the Barnegat Inlet, which is a highly trafficked boating highway with access to the Atlantic Ocean, also makes this marina a great opportunity for owner-operators or first-time marina buyers.”
Dan Grovatt, Managing Director, Leisure Property Advisors, Colliers
The Marina at Barnegat Light was built in 1975. The sellers have owned the property for more than 30 years.
The Marina at Barnegat Light is located at 1501 Bayview Ave. in Barnegat Light, N.J. For more information, visit Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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