FOR SALE - $1.8M – Complete Marina on 60 acres with Development Potential in Hampton, VA

FOR SALE - $1.8M – Unique opportunity to purchase an existing, fully operational income-producing marina business on a captivating piece of Virginia coastline! Bell Isle Marina was founded in 1990 on the southern bank of the Back River, in the Fox Hill and Grandview communities, and just minutes away from the Chesapeake Bay’s finest beaches, fishing, and sailing. The mouth of the Back River is flanked by two nature preserves as it enters the Bay, with Grandview Nature Preserve to the south, and Plum Tree Island National Wildlife Refuge to the north. This ensures the beautiful scenic views will remain part of the allure of this area. The sale offering includes 60 acres total, with approximately 12 acres of water and 48 acres of land. Part of the land is wetlands, and future development potential exists with 20 acres of high land currently zoned R33. Preliminary layouts envision 20-25 individual residences or 35-40 townhomes that could be built and sold in the future, without changing or affecting operations at the marina. The theme of the future community could be woven into the existing natural beauty and boating life of the marina, potentially offering water access, piers, and recreational boating for new residents. The future value is limited only by the builder’s imagination.

FOR SALE - $1.8M – Complete Marina on 60 acres with Development Potential in Hampton, VA!

Unique opportunity to purchase an existing, fully operational income-producing marina business on a captivating piece of Virginia coastline!  Bell Isle Marina was founded in 1990 on the southern bank of the Back River, in the Fox Hill and Grandview communities, and just minutes away from the Chesapeake Bay’s finest beaches, fishing, and sailing.  The mouth of the Back River is flanked by two nature preserves as it enters the Bay, with Grandview Nature Preserve to the south, and Plum Tree Island National Wildlife Refuge to the north.  This ensures the beautiful scenic views will remain part of the allure of this area.  

Bell Isle Marina provides a family-friendly environment with a private beach and picnic areas, suitable for birthday parties, weddings, or company outings.  The full-service marina offers 75 wet slips, 100 cradle racks, blocking stands, dry storage, trailer storage, haul-outs, a concrete boat launch, boat maintenance services and a DIY service yard.  A 3-story office/home offers breathtaking views of the water.  Comfortable amenities for guests and visitors include a Captain’s Lounge, ship store, wireless internet, restrooms, showers, ice, and security.  Essential equipment is included with the business such as a 55-ton travel lift, two boat lifts, 20’x15’ garage or service building, fueling station, oil recycling, pump-out equipment, excavator, and backhoe. 

Fishing trips in this area are likely to bring in tuna, red stripe, and yellowfin, while “Jimmy’s” blue crabs are very popular among the local crabbers.  Boaters enjoy the easy access to the main rivers of southeastern Virginia; the York, James, and Rappahannock.  Across the Chesapeake Bay are the Eastern Shores of Virginia and Maryland, with famous attractions like the wild ponies of Chincoteague and Assateague Islands.  Bell Isle Marina is one of several marinas in this area, and the boating culture is celebrated with holiday boat celebrations, pirate festivals, and the annual Parade of Boats at Gloucester. 

Hampton sits among heavily visited tourist destinations, including the world-renowned Busch Gardens theme park, and deeply historic Williamsburg, Yorktown, and Jamestown with their colonial museums.  The vibrant City Centres at Hampton and Newport News provide trendy, upscale dining, retail, and nightlife, while local shopping needs are served by Patrick Henry Mall.  Guests and visitors will appreciate the nearby Virginia Air and Space Museum, the Virginia Living Museum, Hampton Coliseum, and Ferguson Center for the Arts.  Major employers like Newport News Shipyard, Langley Air Force Base, NASA Langley Research Center, and the Norfolk Naval Base continue to drive the local economy and provide stability for the entire Hampton Roads region.  

The sale offering includes 60 acres total, with approximately 12 acres of water and 48 acres of land.  Part of the land is wetlands, and future development potential exists with 20 acres of high land currently zoned R33.  Preliminary layouts envision 20-25 individual residences or 35-40 townhomes that could be built and sold in the future, without changing or affecting operations at the marina.  The theme of the future community could be woven into the existing natural beauty and boating life of the marina, potentially offering water access, piers, and recreational boating for new residents.  The future value is limited only by the builder’s imagination.

This is a sale of an operating business and includes real property, personal property, existing accounts, and branding.  The real property includes the land and improvements.  Personal property includes vehicles, equipment, and tools.  The business’ name, logo, website, phone numbers, on-going business operations, security deposits, and rent contracts will become the property of the successful purchaser.  Company financial records and an inventory of assets for review can be provided to qualified prospects after signing a non-disclosure agreement.  Contact listing agent to request information and to schedule a visit to this beautiful Virginia marina!

Location

Offered for sale by Terry Fraley, Broker, Infinity Real Estate Group and Stephen Karbelk, Team Leader, RealMarkets, a Century 21 New Millennium team.