145 River RdElkton, MD 21921

This exceptional investment opportunity encompasses two established marinas situated on the Elk River's eastern shore near Elkton, Maryland. The property includes approximately 15 acres of land zoned for both commercial and residential use, boasting 164 wet slips accommodating boats up to 35 feet in length. New pilings, decking, and finger piers enhance the marina infrastructure. Both marinas are certified under Maryland's Clean Marina program, featuring modern amenities such as air-conditioned restrooms and showers. The marinas offer spectacular sunsets over the Elk River. The property also includes a historic waterfront home (approximately 2,000 square feet, 4 bedrooms, 2 bathrooms, private in-ground pool) and a renovated waterfront cottage (approximately 1,200 square feet, 2 bedrooms, 2 bathrooms). Additional structures include a 700-square-foot office/ship's store and six 10x12 service sheds. The marinas provide wet and dry boat storage, limited marine services (hauling, shrink-wrapping, winterization, detailing), and a seasonal picnic area with a gazebo and grills (Taylor's Marina only). The property also features a large fenced area for boat storage, offering a store and launch program during summer months. The mean low water depth at the slips is 3.5 feet, with sufficient channel depth for access to the Chesapeake Bay. The asking price is $2,250,000. As of January 2020, the total assessed value of the real property, including buildings and docks, was $2,150,866.