48409 Smith Dr, Ridge, MD 20680-3015
This exceptional 1.1-acre commercial property in Ridge, Maryland, is situated on Jutland Creek, offering stunning waterfront views off the Potomac River. The property boasts approximately 50 boat slips across three piers, one of which is covered, with approximately 7 feet of water depth at the pier ends. Electricity and water are provided to most slips. A main building, currently serving as the marina reception area, includes an upstairs office, garage, and showers/bathrooms. Several smaller outbuildings offer additional storage or workshop space. The property has operated continuously as a small marina since 1951, presenting a unique opportunity for an owner-operator to live in the main building or renovate it into a primary or secondary residence. Zoned RPD, this property offers significant potential for various uses and is priced at $535,000 ($316.94/sq ft land value). The protected cove location provides a serene setting, making this a truly remarkable investment opportunity. The property includes deep water piers in a protected cove.
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BluHaven Piers Marina Boat Storage Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RPD · Ridge, MDRidge. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.