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Hulett's Island View Marina, on NE of Lake
Asking - $2,990,000 Cash Flow to owner before debt service - $142,000
BUSINESS: Upscale Marina located on the shores of gorgeous Lake George ( the American Queen on Lakes.) offers full services and has a nearby 250 acre parcel for sale that could merge with the marina parcel for future development of up to possibly 28 home sites in a upscale holiday home and year round home area, with 9 hole adjacent golf club.
LOCATION: Easterly side of Lake George, on Lands End Road, this is the major public access site for that area of the lake. Has Ranger Station which administers public use of the 96 island campsites and three picnic islands. Marina is a prime convenience for all visitors and neighbors. Landing has two churches, a post office and volunteer fire department (with plans to construct a new firehouse in 2007). Nine hole par 3 golf course is within walking distance and is maintained by Homeowners Association for self and public use. Near forest preserve, hiking and snowmobile trails and Whitehall RR station with service to NY City. Fifty miles from major NY and Vermont ski resorts.
FACILITIES: Land area is 1.35 acres with 451 feet of prime level lakefront. This facility offers seasonal berthing for up to 53 vessels, outdoor winter storage for up to 70 vessels, 10 quick launch, 10 rental canoes or kayaks, a public boat launch, store, apartments and a lakeside cottage for rental income or personal use of the owners. Building has 5,500 sq. feet which includes store, 3 apartments and 1 two b/r cabin of 655 sq. ft. There are 85 customer parking spaces, boat and marine product sales and fuel sales.
FINANCIAL HIGHLIGHTS: Has been operated by a consortium of local owners (10) as a convenience rather than a money maker. Sales in 2006 were above $300,000.
Listing : CO 0183
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