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48409 SMITH DR Ridge, MD 20680
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Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,688 sqft
Price per Sqft $266
MLS Listing ID MDSM2020498
Sold Date 10/31/24
Originating Board BRIGHT
Year Built 1969
Annual Tax Amount $6,864
Tax Year 2024
Lot Size 1.100 Acres
Acres 1.1
Property Description
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 “as is”.
Location
State MD
County Saint Marys
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Garage Spaces 22.0
Water Access Y
View Creek/Stream
Accessibility None
Total Parking Spaces 22
Garage N
Building
Sewer Septic Exists
Water Private, Well
New Construction N
Schools
School District St. Mary'S County Public Schools
Others
Tax ID 1901010980
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Read Less
Bought with Z Ira Jenkins • Home Towne Real Estate