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Cornelius News

Wher-rena is up for sale

Aug. 3. By Dave Vieser. The iconic Wher-rena Boatland property is on the market for $3.5 million. The business alone is listed at $445,000, according to Theo Pretorius  of Carolina Real Estate Properties.

“The business is the oldest boat dealership on Lake Norman, having been open for more than 55 years.” he said.

According to Mecklenburg County records the property carries a total appraised value of $1.6 million: $943,900 for the land, $546,500 for the building itself, and the remainder for on-site “features.”

Town officials say the business could continue as a boat facility even with a new owner. “The use of boat sales, storage and repair is a grandfathered use on this site and may continue, regardless of ownership,” said Deputy Town Manager Wayne Herron.

One possible buyer is local developer Jake Palillo. He unveiled plans for a large residential/commercial complex next to Wher-rena last week at the town’s Pre Development Review Committee meeting, and said at the time that he might also be interested in acquiring Wher-rena if it became available.