Anchor Bay is located on Lake Martin, a 44,000-acres lake that is considered one of the best boating lakes in the country. The facility offers 48 wet slips, 190 dry rack spaces and a wide range of amenities. The marina is over 90% occupied with multiple expansion opportunities, including prior approval to add dry rack storage for up to 100 units, making it ideal for an investor seeking existing cash flow as well as value-add. Anchor Bay is offered at $3,675,000, which equates to a 9% cap rate on in-place NOI.
- 2001 Castaway Island Road, Eclectic, undefined 36024