Marina for Sale: Texas Gulf Coast Marina – Offering ID: SM39
Overview
This is rare opportunity to acquire a full occupancy marina with a clear path to expansion upside, and a high-volume restaurant on the Texas Gulf Coast. All upland is owned fee simple, while the submerged land is leased from the Texas General Land Office (GLO). The improvements are very well maintained, in great condition, and relatively new. There is a full management team in place, as the ownership is currently absentee. The marina and restaurant can be purchased together or separately.
Local Broker of Record:
Lynn Blakeley
Blakeley Commercial Real Estate
4040 Broadway, Suite 240
San Antonio, Texas 78209
210.724.5111
lynn@blakeleycre.com
Marina Marketing and Investment Adviser:
George Ash
Simply Marinas
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
352.262.5784
george.ash@simplymarinas.com
Highlights
The marina and restaurant can be purchased together or separately
- Marina
- Consistently at full occupancy with a wait list
- Marina expansion. Potential to double the current slip count
- 2024 projected gross marina income is north of $900,000.00
- 111+/- Slip
- All rental slips have lifts and can accommodate boats up to 28’ and up to 8,000lbs
- Courtesy and fuel dock can accommodate approximately 20 boats
- Covered, fixed, wood construction in great condition (docks built 2011 to 2014)
- Popular 600+/- sq ft marina store with bait, tackle, ice, snacks, and beverages
- 6 large live bait wells
- Fuel infrastructure
- 4,000 gallon above-ground fuel tank
- Fuel dispenser with two pumps
- Popular on-site boat ramp
- Restaurant and Bar
- $3mm+/- average annual gross sales (not including gratuity/tips and sales tax)
- Multiple indoor and outdoor dining/bar areas
- Cumulative capacity for over 700 guests
- Sunset views
- Covered, outdoor live music stage
- High-end clientele
- High-end commercial kitchen
The Opportunity
- Marina Expansion
- A 102 slip expansion plan is in process
- Seller has construction and engineering plans in-hand and pending submission to the USACE
- Market demand is clear with a viable wait list for slips
- Incremental slip rental rate increases – the facility is currently and historically at full occupancy, with a wait list
- Introduce boat rentals
- Introduce boat brokerage
Contact us for a complimentary strategic consultation and preliminary valuation.
