Marina Sold: Shelter Bay Marine – Marathon Key, FL

Price: Unpriced

Overview

The Simply Marinas team brokered the sale of Shelter Bay Marine, located in Marathon Key, FL. The transaction was handled confidentially. The Simply Marinas Team represented the Seller and Buyer.

Shelter Bay Marine is a full-service dry rack marina facility in Marathon Key, Florida, renowned for its full-service offerings to boaters. It stands out as an attractive marina due to its prime location, full range of services, vibrant community, and secure facilities. These features collectively make it an appealing destination for boaters seeking convenience, comfort, and a welcoming atmosphere in the heart of the Florida Keys.

Highlights

Located on the ocean side, in the middle of Marathon Key, FL.
Unrestricted ocean access
Sits on 1.7 +/- acres plus bay bottom (owned in fee simple)
Operated as absentee ownership
Majority of net operating income is from boat storage
156 dry storage racks plus 20+ ground storage units up to 39’
23 wet slips, 17 on the south side and six on the north side
Three forklifts: 22,000 Wiggins; 5000; 3500
Yamaha dealer for parts; and Mercury dealer for parts and engines
The sales department includes parts and engines, not boat sales
The Marina offers fuel and repairs to support its client base
Property has a 2- story apartment - 2 bedroom2/1 bath – 3073 gross SF
Situated in a fully protected and calm deepwater basin Great proximity to Marathon Airport