This is a rare opportunity to acquire a Texas Gulf Coast marina asset with all dry and submerged land owned in fee simple. Fee simple ownership of submerged land is a rare find in this region. All revenue is derived from wet slip rental, making this an easy to manage facility, feasible for absentee ownership. The marina consists of 314 floating wet slips, with lengths from 35’ – 55’ and widths of 34’ (multihull capacity) with t-heads that can accommodate vessels more than 60’ in length. The docks are floating wood and Trex construction, with individually metered 30 & 50 amp service at slips.
The Seller has plans to develop the upland with residential condominiums, removing the existing rack storage buildings. The purchase of the marina will include a parking lot with approximately 100 parking spaces, the existing pool, lounge, bathhouse, and an office space.
Local Broker of Record:
Blakeley Commercial Real Estate
4040 Broadway, Suite 240
San Antonio, Texas 78209
Marina Marketing and Investment Adviser:
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146