Auction for boat slips will be held on-site at 12041 Cordova Road - Cordova, MD
OPENING BID INCENTIVE - FORTNA AUCTIONEERS & MARKETING GROUP IS OFFERING A 3% REBATE BACK TO THE BUYER WHO SUBMITS THE HIGHEST OPENING BID AMOUNT FOR THE AUCTION. BIDDER MUST BE SELECTED AS THE HIGHEST OPENING BID AND MUST BE THE HIGHEST BIDDER WHEN THE AUCTIONEER CLOSES THE BIDDING TO RECEIVE THE 3% REBATE. PLEASE SEE MORE INFORMATION ON THE REGISTRATION FORM.
Premier Boat Slip Auction in Crisfield, Maryland: A Mariner's Investment Dream
Welcome to a unique investment opportunity in the heart of Crisfield, Maryland, where the allure of the sea meets unparalleled marina quality. Up for auction are 36 pristine boat slips, a rare find in a market where demand outstrips supply. This isn’t just an auction; it’s your gateway to becoming a part of the vibrant maritime community on the Tangier Sound, known for its calm waters and abundant sport fishing.
Auction Highlights:
- Exceptional Marina Quality: Unlike many, these slips are in outstanding condition, boasting stability, safety, and aesthetic appeal.
- All-Inclusive Amenities: Each slip comes equipped with electric hook-ups, catering to the modern boater’s needs.
- Prime Location: Situated next to luxurious condos, offering scenic views and premium access to Crisfield's waters.
- Income Potential: With the ability to rent each slip for thousands annually, investors can anticipate an attractive cap rate and ROI.
- Sport Fishing Hub: Located on the Tangier Sound, renowned for competition sport fishing and annual tournaments, enhancing its appeal to fishing enthusiasts.
- Entrepreneurial Opportunities: Ideal for those looking to venture into charter tours to Smith Island or explore other maritime business ideas.
Situated right where the action is, these boat slips offer more than just a mooring spot; they provide a lifestyle. Whether dropping crab pots right from your dock to catch blue crabs or setting sail for a day of competition fishing, the convenience and quality of this marina are unmatched.
A Golden Opportunity Awaits:
This auction represents a chance not only to invest in a tangible asset but to tap into the maritime lifestyle that Crisfield, Maryland, is famous for. Whether you're looking to hold onto a few slips for personal use, rent them out for steady income, or create a bustling hub of nautical activity, the potential is as vast as the ocean itself. With the serene waters of the Tangier Sound as your backdrop, each slip is a gateway to adventure, relaxation, and potentially lucrative returns. Don’t let this ship sail without you; dive into an investment that promises both financial rewards and a connection to the thriving heart of Maryland’s fishing and boating scene
36 Boat Slip Condo Marina with Declarant Rights
Separate Deeded Boat Slips (Each Slip has its own Tax ID)
Located on the Tangier Sound, off Somers Cove Road in Crisfield Maryland
Owner Gets full declarant rights
Marina Boat Slips are 12 Ft. wide by 36 Ft. Long
Slips share power and water pedestals - Docks are gated and secured
Electric Service is 20 AMP. Water Meters are in Place, water is connected
Individual Slips rent for $1,200 per year in Crisfield MD Market
Annual Property Taxes - $78.78 (City) and $98.18 (County) - $158.46 per slip.
*Owner is retiring
Terms - Certified Funds of $15,000 required to be an approved bidder. A 10% deposit due day of auction. Balance due in 30 days. An 8.75% Buyer's Premium will be added to the final bid price to be paid by the buyer(s). Buyer(s) are responsible for transfer taxes imposed by the State of Maryland and deed prep. Property is sold AS IS, WHERE IS with NO CONTINGENCIES.
