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77 Coco Plum Drive - Shelter Bay Marina, Marathon, FL

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77 Coco Plum Drive - Shelter Bay Marina

Marathon, FL 33050

Property Type:Specialty Sub Type:Marina Status:Existing Year Built:1991
Stories:2 Typical Floor:1,728 SF Building Size:3,456 SF
For Sale Price:$7,950,000 Price/SF:$2,300.35
Cap Rate:8.00 %
Parking:Free Surface spaces Amenities:Signage, Waterfront

Shelter Bay Marina includes over 1 acre of land, owned bay bottom, 250 new dry rack slips ready to become rackominiums for development. Deep water dockage and instant access to the ocean. 3 boat lifts including new 22,000 lb Wiggins lift. All environmental and impact studies completed. Beautiful sales building with 2 bedroom apartment on 2nd level. Turnkey business with franchise boat sales and repairs.

Sale Notes:
Incredible opportunity to purchase one of the most well run & profitable Marinas in the FL Keys. Shelter Bay Marina is strategically located Oceanside in Marathon. Almost a direct shot w/ deep water draft to the Atlantic Ocean. Cuba is just as close as Miami. This turnkey, full service Marina has 20 wet slips & 200 dry rack boat storage on 1.71 Acres w/waterfront access from both sides of property. Includes Yamaha & Merc dealership, service & parts, fuel sales, haul & launch and more. Fully staffed with Cert. Techs. Owner's apt. on 2nd floor. Great numbers are documented for 8.67% Cap rate. With excitement over Cuba opening & recreational boating traffic growing, this Middle Keys Marina is poised for significant returns & growth potential.

Waterfront property in the Middle Keys.

ReMax Keys Connection
Curtis A Skomp
(305) 296-1400

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