Thriving Adirondacks Marine Business
For Sale
$3,999,999
11 Town Shed Road, Horicon, NY 12815
Full-service marine business for sale in the Adirondacks.
Property Size30,000 SF
Lot Size12.32 Acres
Price / SF$133.33
Days on Market75
Property Features for 11 Town Shed Road
General Information
Standard status
Active
Size
30,000 SF
Lot size
12.32 Acres
Property subtype
Commercial
Listing Agency:
EXP REALTY
(888) 276-0630
Listed By:
WAYNE HARTARD · License #10301219674
Source:
Corcoran
Added: May 20
Changed: Jul 10
Last Checked: Aug 2 at 1:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY
Investment Insights
Based on property information with market context.
This is an exceptional opportunity to acquire a thriving full-service marine business in the Adirondacks. The business is strategically positioned near Brant Lake, Loon Lake, Schroon Lake, Lake George, and other popular boating destinations. This established, turnkey operation has built a strong reputation over 25+ years, offering proven profitability, experienced staff, and steady demand from both the local community and seasonal visitors. The property is set on more than 12 commercially zoned acres with over 30,000 square feet of well-maintained improvements. The property supports a robust, multi-faceted business model with diverse income streams. Revenue sources include indoor and outdoor boat storage, new and pre-owned boat sales, a retail marine supply store, a fully equipped service and repair center with certified technicians, and a well-established boat rental operation catering to the region's active tourism market. The business is positioned for continued success and offers significant room for growth, with approvals already in place for future expansion, including additional boat storage or a new indoor showroom. This is a rare chance to step into a successful operation in one of the Northeast's premier recreational destinations. The sale includes multiple parcels: 88.10-1-56-14 Town Shed Rd (1.15 acres), 88.10-1-58-3 Town Shed Rd (.26 acres), 88.10-1-59-11 Town Shed Rd (.89 acres), 88.10-1-53.2-6510 State Rt 8 (2.26 acres), 88.10-1-63-6480 State Rt 8 (1.01 acres), 88.-2-2.112-210 Horicon Avenue (6.75 acres).
Key Highlights
- Established, profitable, full‑service marine business with 25+ years of operation and a strong reputation.
- Strategically located in the Adirondacks near multiple popular boating destinations.
- Substantial property: Over 12 commercially zoned acres with over 30,000 square feet of well‑maintained improvements.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $450.0k | $15.00 |
| − Vacancy | −$36.0k | −$1.20 |
| EGI | $414.0k | $13.80 |
| − OpEx | −$124.2k | −$4.14 |
| NOI | $289.8k | $9.66 |
30,000 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.14M
$3.62M – $4.83M
NOI $289,800 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.98M
$7.86M – $10.48M
NOI $628,560 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 12815, NY
938
Population
1,208
Households
0.8
Avg Household Size
55
Median Age
23%
College-Educated
90%
High-School Grad
45.8 sq mi
ZIP Area
20
Density / Sq Mi
$70,917
Median Household Income
$44,500
Median Earnings
$1,028
Median Rent
$233,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Marina - Full-service marine business for sale in the Adirondacks.
Where is this marina located?
The property is located at 11 Town Shed Road Horicon, NY.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: Established, profitable, full‑service marine business with 25+ years of operation and a strong reputation.; Strategically located in the Adirondacks near multiple popular boating destinations.; Substantial property: Over 12 commercially zoned acres with **over 30,000 square feet of well‑maintained improvements**.