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INVEST IN THE WATERFRONT

Simply Marinas

A Service of Ash Property Group
A. Michelle Ash, MBA, Ph.D.
ash@simplymarinas.com
305-439-9581

Simply Marinas and Waterfront Investments

Simply Marinas: High success rate, aggressive outreach, large database of marina buyers locally and internationally, marina financing, qualifications, and diligent commitment to marina and waterfront asset owners and buyers.

Gilberts Resort & Marina, Key Largo, FL

 

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We are thrilled to announce another sale: Simply Marinas just brokered the successful sale of Gilberts Resort & Marina, Key Largo, FL to our Exclusive Buyer! It’s a famous destination spot with 38 slips, 38 hotel rooms, restaurant and tiki bar on 4 fee simple acres. Simply Marinas facilitated the financing of the purchase as well. Listed for $12.9mm/Sold for $11.2mm in 30 days! This is the fourth waterfront sale by Simply Marinas in 2014. We specialize in the disposition of marinas and waterfront hotels and restaurants. We represent a large number of local and international buyers exclusively. Simply Marinas had 16 marina and waterfront transactions recently.

 

Successful Full Service Virginia Marina Plus A Residential Development Component

Highlights

The site includes two components that can be sold together or separately: the marina which sits on 18 acres, 4 of which are submerged; and the development uplands situated on 18 acres for a total of approximately 36 acres in all. Plans were drawn by a prior developer for 164 residential units on the property

This Virginia Clean Marina has approximately 100 slips and 184 dry storage rack spaces

Long term lease to an exceptionally high quality  full service marine repair and maintenance operator with an 80 ton Marine Travel lift owned by the tenant

Long term lease of a three bedroom, two bath house onsite, which has recently undergone a complete exterior renovation

The marina offers an award winning fuel dock (Chesapeake Bay Magazine 2013, 2014). It sells more fuel than any other dock in the region

Best located launch ramp in the area.

Fresh water in-ground swimming pool with barbecue pavilion and horseshoe and volleyball pitches.

High capacity reverse osmosis (r/o) fresh water system producing the best water in the area

The site has the only beach at a marina in the region with its own fire pit

Clean and high quality shower and laundry facilities

Air conditioned captain’s lounge with refreshments and television.

Wifi and cable tv throughout the marina.

Fixed covered and open slips plus new Sullivan floating docks with in-slip pumpout

Bicycles for exploring the quaint, nearby town

Ample room for parking

Ideal site on property for waterfront restaurant, RV Park, residential development or mixed use

The site has tremendous upside by offering additional uses and income sources. Additional dry storage can be added as the marina expands its market with accelerated marketing, outreach, and the parallel accelerating growth of the neighboring area. The site provides a perfect location for a waterfront tiki bar/restaurant with a view of the mouth of the harbor looking at the boats entering and leaving as well as those cruising on the river beyond. It is well situated for an RV park. There are two RV parks within approximately 20 miles that are successful. Additionally, there are plans drawn by a prior developer to build 164 units on the site. An alternative can be a mixed use development or creating house lots, miniature golf, and bringing a boat club tenant.

There is 1500 sf of vacant space on the second floor of the administration building with water views. The property has a sewage treatment permit and plenty of parking that make development feasible. A new owner can add value with a more hands on approach to daily management, more marketing and aggressive outreach. All of these attributes establish this property as a viable investment.

Sardis Lake Marina, Sardis, MS

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 Simply Marinas and Colliers International Colisting

LOCATION:

30117 Blackjack Road, Sardis, MS 38666

PRICE: 

$995,000

HIGHLIGHTS:

  • 148 slips with permits for an additional 400. An agreement in place with the City and the Army Corps of Engineers allows for additional slips to be added as demand warrants
  • The marina has floating docks with wood decks, fuel dock, electrical service, water service, sanitary pumps, and wenches.
  • 10,000 acres in leasehold with 25 years left and another 25 year option
  • 2 buildings — 3,200 sq ft multi-use building and 575 sq ft maintenance garage
  • The Boardwalk/marginal was built to accommodate addition of future piers with electric transformers and plumbing in place
  • Year built: 2003 Fuel Dock with 10,000 gallon above ground tank
  • Primary marina in the region Owner financing with 20% down at market rates with the right terms and conditions
  • Accomplished and qualified owner can assist with development and management 100% occupancy with a waiting list and ready for expansion

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Taylor Creek Marina

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LOCATION:

1600 N 2nd Street, Fort Pierce, FL

PRICE:

 

HIGHLIGHTS

  • Great cashflow and return!
  • Full service marina and the biggest dry storage facility on Florida’s Treasure Coast located on 6.3 acres
  • 600 dry boat spaces up to 35 ft. and 10 wet slips
  • Full service repairs and maintenance facility with two customer work areas
  • Ship store and fuel sales with an over-ground tank
  • The owner had planned to add a 4,000Sf waterfront bar and grill
  • Four buildings: three-story 51,000sf boat storage building; three-story 30,000sf storage building;
  • 3,500sf retail sales building; and a 6,400sf service building
  • Significant upside due to its location, competitive edge in the dry storage market, and the full arena of marina services it offers
  • The marina slips were condoed to sell them as dockominums at one point; however no sales took place
  • Five minutes from the inlet
  • Draws boaters from Miami to Orlando Markets
  • Used to have major boat sales business before the turn of the economy which is coming back

 

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State Dock Marina and Wolf Creek Marina

State Dock Marina 

Co-listing of Simply Marinas and Commercial Kentucky, Inc.

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LOCATION:

On Lake Cumberland in central Kentucky

PRICE:

$42MM

Owner may consider selling alone for $37,000,000

HIGHLIGHTS:

State Dock is the most dominant marina on Lake Cumberland for houseboat renters because of the excellent amenity package and superior customer service offered. Located next to the Lake Cumberland Resort State Park, the State Dock Marina offers their boating customers the best available houseboats, pontoon boats and ski boats on the lake, as well as an amenity package inside Lake Cumberland State Resort Park that includes disc golf, mini golf, horseback riding and an excellent full-service restaurant inside the beautiful Lure Lodge. Guests at the Lake Cumberland Resort Park, provide a steady flow of transient slip renters, boat rentals, and ship store sales for State Dock Marina.

• (57) houseboats for rental

• (2) Party Barges for rental

• (25) pontoon boats for rental

• (9) fishing boats for rental

• (5) new ski boats for rental

• (491) private rental slips and (84) houseboat slips. Slips are Atlantic Mecco docks which are galvanized metal frames with encapsulated foam flotation, concrete walkways and stainless steel anchored cables. The main walkways are 12’ wide.

• Fully stocked 7,500 SF general store, which is the largest ship store on the lake

• 700 SF restaurant building with an outdoor dining area

• Restaurant equipped with a grill, (2) fryers, pizza oven, walk-in freezer/refrigerator

• Shoreline lease until 2035 on percentage of sales

• Significant capital improvements over the last five years

• Expansive tool room utilized for inventory of parts and supplies, attached to mechanic’s room for storage of tools and rebuilding engines and generators

• Boat part sales counter

• (64) infra-red security camera system

• 1,368 SF commercial laundry facility

• Exercise room for slip customers

• Bathroom facility with tile flooring and six private shower rooms for slip customers

• State Dock owns and operates Elite Boat Sales, a full-service brokerage for houseboats, cruisers and other watercraft

• Water Taxi for luggage and bell hops to assist slip customers

• (2) floating garbage barges and a garbage compactor

• Large steel barge with hydraulic winch and hydraulic boom

• Welding barge (allows mobile repair of rental boats)

• Oil change barge

• Battery barge (for storage and charging of batteries)

• Propane barge (for delivery of propane and storage of cylinders)

• (13) fuel piers with new BP card reader dispensers – all fuel piers were replaced in 2006

• All (13) fuel piers are equipped with pump-out facilities with two pumps

• State Dock’s head dock is the largest on Lake Cumberland and includes 17,000 SF of buildings

• The largest hydro boat lift of any inland lake was built at State Dock in 2011 and is used for repairs to the rental fleet and is rented on a fee basis for private boats

Rental Houseboat

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WOLF CREEK MARINA

 

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LOCATED:

On Lake Cumberland in Central Kentucky

HIGHLIGHTS:

Wolf Creek Marina is well-located on Lake Cumberland in central Kentucky. Wolf Creek is located between the busy marinas of State Dock, Jamestown and Conley Bottom. Wolf Creek provides a laid-back and secure feel for its boating slip rental customers. This very scenic location has one of the most popular dining spots on the lake, FISHTALES, providing boating customers an excellent venue to which they can cruise for some of the best food available on Lake Cumberland. Offering some of the most unique scenic views and deep, beautiful water on the lake, Wolf Creek Marina’s recent renovations have made this a most desirable vacation venue.

Wolf Creek is undergoing a shift of the slip allocation and offers one of the largest growth potentials for slip rental on Lake Cumberland. Wolf Creek Marina’s currently occupancy rate is 70%, which is up from last year. The slips are in the process of being upgraded with 12’ wide main walkways and concrete or composite decking. Slip rental customers can find the quality amenities available that include exclusive bathroom and tiled showers, an exercise room equipped with cardio equipment and weight machines, (2) grades of fuel through easy access fuel docks, a waste pump-out station, shuttle service from parking areas to the dock, and dock attendants to assist all boaters. These full-service amenities create an environment and customer base that have produced long-term dock rentals, as well as rental boats, and a growing client base that has repeatedly returned to Lake Cumberland for summertime and full-year vacations for the last twenty years.

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Desoto Marina and Nav-A-Gator Grill | Cottages | Owner’s Residence | Arcadia, FL

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LOCATION:

9700 SW Riverview Cir | Arcadia, FL 34269

PRICE:

$2,500,000

HIGHLIGHTS:

A tremendous opportunity to own this Turn key very successful business established over 20 years ago by retiring owners. It is situated on 3 acres of the beautiful Peace River near Port Charlotte Florida. This going concern Trademarked business includes: 40 slip marina in feesimple with 500 gallon fuel dock with newly renovated docks with electric and water; 90 seat restaurant fully equipped with all facilities/cooking appliances and a full Bar with 7 COP liquor license; 3 Rental Cottages–one about 1100sf, the other two are part of a duplex with about 400sf each, fully furnished and rented by the weekend, weekly, monthly, or seasonal; the resident/owner house is 1500sf +/- with a garage and a boat house as well as storage buildings which could also be used as a waterfront rental unit; gift shop; river boat tour business and canoe/kayak rental; and museum with all memorabilia included. The asset also includes a Tiki hut, outdoor stage for concerts Voted best “Trop Rock” venue in the US, seaplane dock where they land to eat a bite, and a public boat ramp. The site offers private parties, excellent boating and tournament fishing for bass, snook, redfish and tarpon. This is a very strong cash flowing going concern hospitality business. The ship store has marina parts, bait, tackle, ice etc. Take out food is available from the Nav-A-Gator as well. There is much memorabilia in the restaurant as well as the museum and all is included. The popularity of the restaurant over the last 19 years has made it an entertainment landmark.

The property consists of three sections. The first section is a group of 6 residential lots, current use is a parking lot, vacant land, two rental structures (3units) and garage storage structure. The second section is 7 lots where the marina docks exist with 40 slips. The restaurant and other associated structures are on this section. The third is 4 lots on the tip of the island.

There is great upside. Hours of the restaurant at present are 11am to about 8pm. A new owner may opt to increase the hours to include breakfast and/or a later night crowd to boost the already strong income. The owners have been there for 20 years and they are retiring. The Nav-A-Gator is known for Trop-Rock music and has been voted the #1 live music venue in the United States. It has a recognized name brand which is trade-marked on our specialty items such as shirts, coozies and gift items.

The site has direct access to the Peace River, Charlotte Harbor and the Gulf of Mexico. Situated within near a 2,000 acre nature preserve which provide hiking, camping, and equestrian activities.

 

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Shalimar Yacht Basin and Marina

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LOCATION:

1000 Old Ferry Road, Shalimar, Okaloosa County, FL

PRICE:

$8,500,000

HIGHLIGHTS:

  • 4.73 Acres planned for 120 residential units
  • 7-Pump Fuel Dock: New 6,000 gallons above-ground diesel tank; & a 12,000 gallon double- walled gasoline tank
  • 3.3 nautical-miles north of the Destin Pass
  • Wet Slips: 30 COVERED Live-a-boards and 101 Live-a-boards
  • Dry Racks: 154 Indoor Barn Racks (28,000 SF Bldg.)
  • 95 Outdoor Racks
  • Building Area Sales and Service: 8,013 SF
  • Workshop: 6,529 SF
  • Pump-Out System @ Fuel Dock
  • 1-BR Watchman Apt. for 24/7-Security
  • .78 Acre private land 9/ft. deep w/24 wet slips (No DEP Lease)
  • Boat-In Movie Theater Equipment
  • Full Service boatyard; 77,000 pounds travel lift; 28 work spots
  • A combination of do it yourself yard plus owner operator repair services
  • Private beachfront
  • Two private decks with outdoor lounge
  • Convenience store that sells bear and wine, food and other boater needs
  • Offers Valve Tech marine fuel

 

Boat Yard Outdoor racks 7-Pump Fuel Dock 1

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Buzzard Rock Resort and Marina, KY. $6,500,000

In partnership with Commercial Kentucky, Inc.

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PRICE:

$6.5 MM

HIGHLIGHT:

• The site is located on approximately 160 acres, 1/4 of which is submerged

• 285 wet slips marina at 100% occupancy, with potential to add 400 more slips

• The only “Clean Marina”  designation out of the Nashville USACE jurisdiction

• Transient slips are available with T-30A 125V and T-50A 125/250V service

• Fuel Dock with 4000 gallon gas and 2000 gallon diesel above-ground tanks

• A MerCruiser/Mercury certified service center offering a full service maintenance, repair facility and marine supplies

• Ships Store offering fishing and boating supplies, bait, gifts, clothing, snacks

• A popular 130 seat restaurant  with 1000 feet of courtesy dockage

• 2 full service bars with the best location on the lake with live music during the summer season

• Pontoon and fishing boat rentals

• 4000 sf private  residence on site

• 9 rental lodging units and resort units with a full array of amenities and access to all the marina facilities which include:  complimentary boat slips, laundry facility, swimming pool and hot tub, playground & basketball court, the Cafe and Bar, gift and apparel shop, and boat rentals

 

 

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Vista Ocean View Marina and Residential Development Opportunity


LOCATION:

1502 Seaway Drive, Fort Pierce, FL 34949

UNPRICED

HIGHLIGHTS:

Spectacular Rare Waterfront Residential  and/or Marina Development Site/Boaters Spectacular Ocean Vista. Owner Financing Possible.

Rare waterfront Development property directly on the Fort Pierce Inlet with the potential for Tourist Commercial development, including  entitled 20 slip marina, or mixed use  allowing a combination of Residential and Commercial uses with pre approvals for marina dockage for twenty 50′ boats. Dock configurability and wide water frontage will accommodate up to a 120 foot yacht as well. A request for conditional use can be made for residential use of the property as one or two waterfront estate lots. Up to seven residential units could be part of the developmental strategy (MF) or two homes.

Location: South Hutchinson island, directly on the south bank of the Fort Pierce Inlet, less than a half mile from the Ocean. The surrounding neighborhood is a mix of residential, tourist commercial, and educational. Over twenty million dollars of capital improvements have been made within a 2 mile radius. The area has all new streetscapes including the roads, and wide sidewalks. Street lighting, underground utilities and Lush landscaping lead to the property from the mainland and on to the new 10 Million dollar Jetty Park and inlet linear parks at the beach less than a half mile away! This property consists of .91 acres of upland with 185′ of water frontage.

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Signal Ridge Marina

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Co-listed with Pinnacle Development Partners, LLC (125F Trade Court, PMB 178 – Mooresville, North Carolina 28117)

LOCATION:

4769 N Highway 107, Glenville, NC 28736

PRICE:

$3,400,000

HIGHLIGHTS:

  • 9% cap-rate
  • Dry Storage on 9 acres: 175-200 storage units in the winter and 125 in the  summer
  • Around 90% occupancy
  • Service department
  • Ship stores
  • 15 boats for rentals
  • 10 wet slips mostly used for boat rentals
  • Above ground 2000 and 4000 gallon tanks. The marina has the only fuel on the lake.

Buildings:

  • New service building  is in excellent condition: 30×90
  • Main Marina building renovated in 1994in  excellent condition: 50×100
  • Rental building renovated in 1994 in good condition
  • 2 story new in 2000 in excellent condition: 30×30×2
  • Wood shop building in fair condition: 20×30

 

Signal Ridge Marina is a full service Marina offering Sales, Service, Storage and Rentals on Lake Glenville in Western North Carolina. Located on Hwy. 107, 5 Miles North of Cashiers, NC this marina established in 1994 is one of the fastest growing facilities in Western North Carolina.

The marina climate being at 3500′ averages 80 degrees in summer and 60s at night. Winter is mild. The lake is 6 miles long, 26 miles of shoreline with 3 major waterfalls flowing into it are the only lake Glenville in NC. The marina is qualified for the highest clean water designation. It is one of the prettiest lakes you will ever see. Homes on the lake start at around a $1,000,000.

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