309 Water St - Marinas FOR SALE


Apalachicola, FL 32320
$2,900,000 USD
850-370-1020
309 Water St, Apalachicola, FL for Sale
$2,900,000 USD
Marinas - FOR SALE
1/52
null | 7.4% Cap Rate

309 Water St
Apalachicola, FL 32320


OVERVIEW

This marina is a fully operational facility with 6 slips measuring between 25- 33 feet wide and 70' long. These slips are occupied by 6 houseboats of various sizes, 4 of which are included in the sale (General Lee, Southern Comfort, Reelaxation and Rebel's Rest). These houseboats are beautifully furnished with modern appliances. Fully equipped and very popular vacation rentals with excellent income (net return of 30-40%). Superb location next door to restaurant and minutes from downtown. There are 4 floating docks which are attached to a 105' stationary dock which runs the length of the slip area. The stationary dock has been completely replaced in 2025. The property encompasses a total of .26 acres with 175.73' shoreline. All houseboats are attached to a piling ring system which allows them to move with the storm surge as well as being completely protected from the wind gusts during any tropical storm or hurricane. Of note, all the houseboats survived with minimal damage during the Cat 5 Hurricane Michael which hit the area in 2018. The property has 8 parking spaces, secure off-boat storage, laundry room and a new gazebo area. Also, there is ample parking for a boat trailer and golf carts. There is also a separate storage shed for marina equipment. The property is protected by 8 security cameras and a gate operated by a key code. This property is zoned for multiple uses including marina, restaurant or hotel (see attached documentation). Owner financing available to qualified buyers.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$683 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

-

APN/PARCEL ID

01-09S-08W-8330-0000-00F0

ASK ABOUT THIS PROPERTY

Jereme NeillHarbor RealtyMore Info
850-370-1020

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Jereme NeillHarbor RealtyMore Info
850-370-1020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.