Seller's Contact Information

  • RE:  30 Acres At Interstate Exit - Near Lake George
  • Contact:  Stephen \'Steve\' Borgos
  • License #: 30BO0039430
Owner Financing is Available!
Open to discussion

Quick Facts

Asking Price: $2,990,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $0
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 300015004
Broker Reference #: I-87 - 8

Email or Print Listing

Business Overview:

The last known vacant commercial parcel immediately adjacent to an Adirondack Northway [I-87] Exit. This is in the southeastern portion of the Adirondack Mountains and convenient for travelers to Lake Placid and Montreal.

This is perfect for a major outdoor recreation retail project [Bass Pro Shops/Cabela's, etc.] or a Lowe's or Home Depot, or a hotel, supermarket chain, or a Travel Center. Most traffic is long distance travel related, although this is an area of many seasonal homes and outdoor activities. This location would be perfect for one or more restaurants. Great visibility.

Owner prefers to sell as one parcel, but smaller parcels may be considered. If purchased as corporate stock, owner will offer substantial price reduction.

Listing broker is the president and majority stockholder of the small corporation which owns the property.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Vacant land: mostly flat with sandy soils. 1,900 feet of frontage along I-87 [Adirondack Northway]. Within the Adirondack Park, but most of the land is zoned as 'Hamlet', which is the most flexible zone available.. Immediately at Exit 25 at Chestertown, and directly across the road from a New York State Department of Transportation staging area. 1/2 mile from a regional public school. NO PREDETERMINED DENSITY LIMIT in Hamlet zone. SPDES permit will need to be updated. Survey completed. Test pits done. The deed restriction against sale of petroleum products has expired!! Detailed brochure available.

Market Competition and Expansion:

This is vacant land waiting to be developed. Visible and accessible. Electric power at site. Services for travelers are needed in this area. Potential to establish one or more destination businesses.

Reason for Selling:

Land sale.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

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Asking Price: $2,500,000

Marina in Central New Jersey Includes Real Estate

Not Disclosed, NJ
Middlesex County

It is fully owned by a man and his wife since 1965. They are both well into retirement age and they decided to retire after spending so many wonderful years operating this well-known Marina in central New Jersey. No other employees operate the Marina. It has 3 lots and 300 feet of Waterfront property. Most importantly the area if further developing, attracting more area visitors over the next few years. They also anticipate that expansion of the routes for the Seastreak Ferries servicing points in Manhattan, central New Jersey, Nantucket, Martha's Vineyard, and more..On one of the lots there is a two-bedroom house with a basement that contains a Bait Shop. In addition to this Bait Shop, the Marina provides fuel oil for the boats. Both of these money makers are currently leased but an option for a new owner would be to operate as well these as well. In addition, it is possible to add a snack bar, restaurant or an informal bar for marina renters and visitors. This option would easily expand the property’s and business value. In addition, other services such as maintenance and repair are basically performed as an offered service.Two mechanics visit on site for engine repair and provide the owner a percentage of their repair fee. Winter storage is done on a cash basis.People often visit this marina because of its location and access to the Bait shop.Newly paved access has been recent addition. There are a total of 21 slips for boats as small as 22’, 35’, 40’ and couple of slips for larger 50 and 60’ boats. The slip rental rate is $2,000 to $3,000 per boat annually. That brings in $50,000 for slip rental along with $20,000 storage fees done on a cash basis. They do have a crane which when operated they charge $100 to $200.There are no environmental concerns, and the Marina has the appropriate liability insurance as well.In fact, today its business value coupled with the value of the property is significant, with plenty of options to increase its value and service offerings after its sale. Certainly, much could be done to expand the business revenue such as a restaurant, bar, a repair facility perhaps outsourced, other services.The primary driver of marina income is the number of slips available for rental, the size of the boat(s) that the slips can accommodate (bigger are more expensive), and the rental rate for each. To supplement this income, smooth out seasonal variations, and cater to customer needs, marinas have complementary services like gasoline, repairs, maintenance, storage, boat sales, and food. Clearly, these "other" sources of income are also levered to the number of boats in the marina and the popularity of the location 1. Today the Marina, while popular and well situated, could easily expand its limited revenue base. The business value today is an estimate the earnings potential of the Marina for the next few years. For a well-developed Marina and with proactive management of the sites portfolio including the business, the site and the money producing components the typical P/E ratio is extraordinary.

Read More
Cash Flow Not Disclosed
Revenue $100,299

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