Marina Sold: Florida Keys Marina and Development Site

Price: $6,800,000

Overview

Simply Marinas represented both parties for a quick seamless closing. The sale was handled confidentially by the Simply Marinas team.

A rarely available Florid Keys marina for sale with fee simple submerged land and development land. The marina is grandfathered in for 27 total boat slips and has a total of 875’ of dockage. The property is grandfathered in for a 3,000 sq ft restaurant building that was destroyed during Hurricane Irma. A popular restaurant, called Sparky’s Landing, used to occupy this space. The City has confirmed that the same building footprint can be rebuilt. The existing area with the picnic tables and awning is ideal to set up a Tiki restaurant and bar or food truck until a complete restaurant is rebuilt. Liquor license is included.

Highlights

17 existing slips than can accommodate boats up to 80’
An additional 265ft of concrete seawall dockage that includes fuel dock that was completely rebuilt in 2014-2015
The concrete seawall houses dockage for charter boats.
The fuel dock offers both Gasoline and Diesel
In addition the North end of the property consists of 225 feet of dockage where 10 additional slips were before Hurricane Irma. This area used to be used for boat rentals
This North end also includes a boat ramp, and undeveloped property that is currently used for overflow parking
The marina has a building with a marina office and ships store selling bait and tackle

The Opportunity

The marina offers a great opportunity to bring back the boat rental business, rebuild the restaurant and add 2 residential rental units. It has plenty of parking suitable for a future restaurant.

Location

Key Colony Beach Marina is the only marina in The City of Key Colony Beach. It has the unique rights for fee simple ownership of the submerged basin. The Island of Key Colony Beach is within minutes from the City of Marathon and The Marathon Airport. Marathon is the major hub of the Keys.