FOR SALE

$510,000

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48409 Smith Drive
Ridge, MD 20680

General Commercial

Commercial

1.1

Acre Lot

Courtesy: O'Brien Realty ERA Powered, 3018632400

Description for 48409 Smith Drive Ridge, MD 20680

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Price reduction of $25,000! Waterfront on Jutland Creek off the Potomac River. Serene one-acre property current operated as a small commercial marina with deep water piers in a protected cove. Awesome views. This property has potential in several directions. Since the 1970s, the property has been continuously operated as a marina, currently BluHaven Piers, originally Misty Cove Marina. Be an owner-operator and live in the main marina building on the property. Or renovate/convert the main building into a primary or secondary residence and apply to rezone the property as residential, which may be a more valuable long-term option. Property includes a main building serving as the marina reception, with an upstairs office, a garage, and showers and bathrooms for marina slip holders. There are several small out-buildings for storage or a workshop. There are about 50 boat slips on three piers, one of which is covered. Approximately 7 feet water depth at the end of the piers. Electricity and water provided to many of the boat slips. This beautiful property is in search of a caring owner with vision and is priced accordingly. The absentee owner has retired and put the marina into a self-service mode, awaiting a new owner. No marketing has been done since before the pandemic. Since the summer of 2023, several improvements have been made, including the removal of a few abandoned boats from the yard and repairs to one of the small storage buildings. As an ongoing business, the marina is breakeven at best on an operational basis before any personnel costs. That is, slip fees currently cover insurance, property taxes, electricity, waste removal, telephone, web site, and minor maintenance. Property is sold strictly âas isâ.