Marina for Sale: Good Times Marina, Cabins, Restaurant & Boat/RV Storage

Price: $3,500,000

Highlights

Unique Multi-Parcel Waterfront Offering with Diverse Income Streams

The offering consists of five parcels totaling approximately 9± acres, including a 1.8± acre waterfront marina and four upland parcels. The property benefits from multiple complementary revenue streams including marina slips, cabin rentals, restaurant and bar operations, boat storage, residential rentals, and significant future development potential.

Established, Income-Producing Marina and Hospitality Asset

The 2± acre waterfront marina features 44 existing boat slips (49 permitted), active boat rentals, fuel service, boat ramp, and a fish cleaning station. The property also includes 23 high-quality waterfront cabins and a well-established restaurant and bar, creating a vibrant destination for boaters and visitors.

Additional Boat and RV Storage Income with Expansion Potential

An upland 2± acre parcel includes 26 covered boat storage units across two bays and outdoor RV storage area. A neighboring vacant 2± acre parcel offers the opportunity to expand storage capacity or pursue additional development.

Additional Residential Income and Land Bank Opportunity

Two additional upland parcels of approximately 3± acres, include two existing manufactured homes that generate residential rental income. These parcels also provide long-term redevelopment potential for additional residential units, workforce housing, or marina-support uses.

Multiple Revenue Streams Provide Stable and Resilient Cash Flow

The combination of marina operations, lodging, restaurant and bar, storage income, and residential rentals creates a diversified revenue base that enhances income stability and reduces reliance on any single source.

The Opportunity

Currently absentee-owned, the asset presents an opportunity for investors to realize immediate operational efficiencies while capitalizing on significant expansion potential. Good Times Marina & Motel offers investors the opportunity to acquire a strategically located waterfront marina and hospitality asset with in-place cash flow, excess development capacity, and long-term value creation potential in one of Florida’s most desirable boating and tourism markets.

Significant Hospitality Redevelopment Upside

Ownership has plans in place, with preliminary support from the City, to redevelop and reinstate a 73-unit motel on the marina parcel. This provides a major value-add opportunity to expand lodging capacity and substantially increase revenue.

Compelling Value-Add and Expansion Opportunity

The offering presents significant upside through motel redevelopment, expansion of boat and RV storage, additional residential units, and operational optimization.

Passive Ownership Opportunity with Professional Management Potential

The property is currently absentee-owned and operates successfully, presenting an opportunity for continued passive ownership or increased returns through active management and institutional operational efficiencies.

Location

The Property is situated in Steinhatchee, Florida, a coastal community recognized for its fishing, scalloping, and boating culture. The area attracts seasonal and year-round visitors seeking outdoor recreation and waterfront experiences.

Steinhatchee benefits from: