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1 Marina Rd Mandaree, ND 58757

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Property summary

AI-generated overview

McKenzie Bay Marina presents a rare opportunity to acquire a thriving, established business on the picturesque Lake Sakakawea in Mandaree, North Dakota. This turnkey operation includes 63 electric and water campsites, along with 15 primitive campsites, catering to a diverse range of outdoor enthusiasts. The main marina building boasts a fully equipped kitchen, ensuring smooth operations for food service or events. A comprehensive security system is in place for peace of mind. The property also features a well-stocked store, complete with tables, chairs, coolers, and a live fishing bait well and cooler, enhancing customer convenience and revenue streams. A comfortable three-bedroom, one-bathroom manufactured home provides on-site living quarters, complemented by a garage and a new storage building for equipment and supplies. Further adding to the operational efficiency is a boat fueling system and dock, along with essential maintenance equipment including mowers and a flatbed trailer. A ranger side-by-side vehicle is also included, ideal for property management and maintenance. Four separate cabins offer additional lodging options for guests, and a 40-foot, four-slide motorhome provides further accommodation or staff housing. Ample boat storage is available, and the property includes partial ownership of landing docks. A newly installed fish cleaning station adds to the amenities offered to customers. This exceptional package also includes numerous other items and tools, making this a truly comprehensive and ready-to-operate business. The property presents significant income potential with numerous avenues for expansion and diversification. Priced at $895,000.

Property profile

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Property type Commercial real estate

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

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2 recent transactions · within 1.5 mi
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2 recent transactions
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