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OLD MILL MARINA FOR SALE

$3,600,000
  • Listing type: For Sale
  • Property type: Marinas

Property Description

Established and turnkey. There are two properties involved with this transaction. The 1st is a 17 acre parcel with two large indoor storage facilities. One of the indoor storage is heated (being 10000 sq ft built in 2013/14) and the other is a cold  17500 sq ft indoor storage  building. Both buildings have racking for the boats. This parcel has outdoor storage for shrink wrapping if necessary and can store 100’s more.  The 2nd parcel with 1100 ft of waterfront features a residential 3+1 bedroom, 1 1/2 bathroom home with updated appliances. The lower level is finished. The home has a private dock out front on the beautiful Kawagama Lake. This site contains 3 drystack, 2 outbuildings, newer above ground 13000 l fuel tank, and of course the main marina building.  The main building was built in 2012. This newer building is approx. 4000 sq feet. It features the retail, offices, parts department, and large repair area. Overhead doors are located on both sides of the 4 bay repair area. A newer propane generator has been installed in case of power emergencies. The asking price  includes all the equipment and inventory. The marina has a licence to sell liquor and Beer. There are approx. 90+ open and covered slips with room to expand, and presently storing just under 300 boats. The marina has the room to winter store 100’s of additional boats.  Old Mill Marina is on a major snowmobile trail. Possession is flexible. Welcome Mobile Marine at the marina with their fine line of  boats and motors. This will add additional sales and profit to the bottom line. Environmental Phase 1 and Phase 2 are completed with great results. The appraisal on the properties was just under $4,000,000. Since the corporation was formed only in 2020 buyer can purchase all the shares or buyer can purchase all of the assets. 

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