This is a rare opportunity to acquire a coastal rack storage marina in a major Florida MSA.
The Marina offers its customers approximately 154+/- fire-sprinkled rack slips and fuel service. The ownership takes a hands-off approach, with the vast majority of income derived from boat storage. There is no internally operated service & repair department and no retail income, aside from ice sales. Storage customers are able to use the eight Open-air, ground level (service/wash) racks for DIY and outside contractor service and repairs.
The marina is a blank slate for new ownership to quickly increase revenue from ancillary profit centers, such as service & repair, retail, boat brokerage and boat rentals, without the need for additional capital improvements.
The marina sits on 3.07+/- acres acres (1.41+/- acres dry and 1.66+/-acres submerged), with both the submerged land and the dry land all owned in fee simple. Owning fee simple submerged land is a unique advantage in Florida, where many marinas operate on Florida State-owned sovereign submerged land leases, which often impose operational limitations on the marina owner. There is ample excess submerged land for possible slip expansion, pending any necessary entitlements.