Waterfront Marina and Multi-Building
16 Bethune Street Alexandria Ny, NY 13607
16 Bethune Street Alexandria, Ny, NY, 13607
$3,900,000
For Sale
$3,900,000
Waterfront marina property with multiple buildings, dockage, fuel services, and an attached 3-unit short-term rental operation.
Property Size8,800 SF
Price / SF$443.18
Days on Market19
Property Features for 16 Bethune Street Alexandria
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Property subtype
- CommercialSale
Building Details
- Year Built
- 1990
Listing agency
Lake Ontario Realty, LLC
(585) 798-9898
Listed by
Nick Gugliuzza · License #49MI0953024
(585) 798-9898
Source
Zambitorealtors
Added: Jul 5 Updated: Jul 22 at 8:45PM Checked: Jul 22 at 8:45PM
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 Lake Ontario Realty, LLC
Investment Insights
Based on property information with market context.
This waterfront marina property includes multiple buildings and substantial marine support improvements. The main building features an elevator, office and retail space, bathrooms, fiberglass paint shop, and two furnaces, with heating for winter use, plus a third-floor bonus area and extensive storage. The offering also includes a large boathouse, a woodshop for wood renovations, and a crane. The sale is described as including the marine business equipment, inventory, and related items to continue operations.
The site is positioned facing the town docks with approximately 170 feet of shoreline. The property is served by public water and sewer and includes a multi-unit residential component operated as a successful Airbnb business, consisting of two one-bedroom units and one three-bedroom unit. The remarks also note owners renovated a two-bedroom primary home on site.
The marina is described as having fuel dock gas sales and one of the larger tanks used to service big boats. According to the remarks, the short-term rental units rent from $199 to $329 per night.
The site is positioned facing the town docks with approximately 170 feet of shoreline. The property is served by public water and sewer and includes a multi-unit residential component operated as a successful Airbnb business, consisting of two one-bedroom units and one three-bedroom unit. The remarks also note owners renovated a two-bedroom primary home on site.
The marina is described as having fuel dock gas sales and one of the larger tanks used to service big boats. According to the remarks, the short-term rental units rent from $199 to $329 per night.
Key Highlights
- Waterfront marina property with approximately 170' shoreline and dockage; includes public water and sewer
- Multi‑building setup: 5 buildings totaling 8,800 SF, built in 1990, on an 0.4683‑acre lot (170' x 120') with 10 total parking spaces
- Main building includes an elevator, office, retail store, bathrooms, and a fiberglass paint shop; 2 furnaces and heating available
Local Financial Insights For Apartment 5plus
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 | $526.9k | $59.88 |
| − Vacancy | −$26.3k | −$2.99 |
| EGI | $500.6k | $56.89 |
| − OpEx | −$225.3k | −$25.60 |
| NOI | $275.3k | $31.29 |
8,800 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.93M
$3.44M – $4.59M
NOI $275,328 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.90M
$19.17M – $25.56M
NOI $1,533,312 @ 7.0% cap · market cap 39.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marinas
Similar For Sale Nearby
FAQs
What type of property is this?
Marina - Waterfront marina property with multiple buildings, dockage, fuel services, and an attached 3-unit short-term rental operation.
Where is this marina located?
The property is located at 16 Bethune Street Alexandria Ny, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Waterfront marina property with approximately 170' shoreline and dockage; includes public water and sewer; Multi‑building setup: 5 buildings totaling 8,800 SF, built in 1990, on an 0.4683‑acre lot (170' x 120') with 10 total parking spaces; Main building includes an elevator, office, retail store, bathrooms, and a fiberglass paint shop; 2 furnaces and heating available
