Established Waterfront Business and
For Sale
$1,650,000
115 Main Street, Morristown, NY
Multi-generational boat dealership, repair, and storage business with waterfront property.
Property Size15,171 SF
Price / SF$108.76
Days on Market376
Property Features for 115 Main Street
General Information
Standard status
Active
Size
15,171 SF
Property subtype
Industrial
Building Details
Building Size
15,171 SF
Listing Agency:
Syracuse Office
Listed By:
Kimberly Boynton · License #10401380704
(315) 445-8535
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Oct 4
Last Checked: Oct 4 at 6:22AM
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 Syracuse Office
Investment Insights
Based on property information with market context.
A well-established, multi-generational business and real property are available for sale. This offering includes a new and used boat dealership with repair and storage services. The business is currently the only area dealer for White River Marine Group, manufacturers of Tracker, Sun Tracker, Nitro, Tahoe, and Ascend boats. The closest dealers are located more than 100 miles away. The property comprises six parcels, including waterfront access. The sale price covers both the business and the real property. Inventory will be determined at the time of sale. The property is located on Golden Street, Chapman Street, Main Street, and Morris Street. It is suitable for automotive, retail, marina, and specialty purposes.
Key Highlights
- Established multi‑generational business and real property for sale.
- Exclusive area boat dealer for White River Marine Group (Tracker, Sun Tracker, Nitro, Tahoe & Ascend boats).
- Includes boat dealer, repair, and storage business.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,628
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,872,560
$1.9M
Cap Rate 7%
$1,337,543
$1.3M
Cap Rate 9%
$1,040,311
$1.0M
Market Conditions
NOI Build-Up for 15,171 SF
Gross rent
$143.8K $9.48/SF
− Vacancy
−$10.1K −$0.66/SF
EGI
$133.8K $8.82/SF
− OpEx
−$40.1K −$2.64/SF
NOI
$93.6K $6.17/SF
Area
St. Lawrence County, NY
Vacancy
7.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,872,560
Cap Rate 7%
$1,337,543
Cap Rate 9%
$1,040,311
Alternative Uses
Best Use
Retail
$2.76M
$2.41M – $3.21M
NOI $192,893 @ 7.0% cap · market cap 11.69%
Second Best
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,628 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,466 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Automotive property - Multi-generational boat dealership, repair, and storage business with waterfront property.
Where is this automotive property located?
The property is located at 115 Main Street Morristown, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Established multi‑generational business and real property for sale.; Exclusive area boat dealer for White River Marine Group (Tracker, Sun Tracker, Nitro, Tahoe & Ascend boats).; Includes boat dealer, repair, and storage business.
