WITN - Northeastern North Carolina - Headlines
Manteo Marina To Be Auctioned For 2nd Time In 5 Years
The second auction of Shallowbag Bay Club Marina in Manteo won't be the same as the first one, when the buyer eventually defaulted.
The Virginian-Pilot of Norfolk, Va., reported that Tranzon Fox will sell the assets piecemeal rather than selling the whole marina. Thirty-five slips, ranging from 25 to 60 feet, will be sold starting at 4 p.m. Friday. Tranzon says slips will be sold, regardless of price.
The Ship's Store, including a retail store, fuel pumps, office and communications tower, will be auctioned separately at 4:30 p.m.
Tranzon first auctioned the 73-slip marina in October 2006 for more than $2 million to the Vinings Marine Group LLC. Tranzon says Atlanta-based Vinings defaulted because of the recession.
Shallowbag Bay Club is located on the Roanoke Sound.
Copyright 2013 by The Associated Press. All Rights Reserved.
View All Sections
Gray Television, Inc. - Copyright © 2002-2013
Designed by Gray Digital Media