An incredible 'value-add' opportunity for an investor with the vision to transform this waterfront asset to be cash cow. This property is a diamond in the rough; it just takes the right vision to see the polished potential. Restaurant, The RIVAH, on Cobb Island was a well-established restaurant and marina located in Maryland for 35 years before the current owner took over. It had permit to play music outside. Large Eat in Restaurant, Tiki Bar Licnese was in place and may reapplied. Outdoor seating. Full Service Marina, 3 Docks, 88 Wet Boat slips & 45 Dry dock spaces with electric. Boat storage, 20 ton boat lift. Totally sale as is. Buyer is responsible to do all due diligence before the purchase. Property sale as is.
Cobb Island is located in Maryland. Cobb Island, Maryland has a population of 1,262. Cobb Island is less family-centric than the surrounding county with 30.81% of the households containing married families with children. The county average for households married with children is 32.85%.
The median household income in Cobb Island, Maryland is $116,674. The median household income for the surrounding county is $107,808 compared to the national median of $69,021. The median age of people living in Cobb Island is 47.6 years.
The average high temperature in July is 88.9 degrees, with an average low temperature in January of 26.4 degrees. The average rainfall is approximately 44.6 inches per year, with 14.4 inches of snow per year.
