7001 Old Spanish Trl - Specialty FOR SALE


Milton, FL 32583 | 
$589,000 USD
850-433-0577
7001 Old Spanish Trl, Milton, FL for Sale
$589,000 USD
Specialty - FOR SALE
1/28
null | 4.24% Cap Rate

7001 Old Spanish Trl
Milton, FL 32583


HIGHLIGHTS

  • Marina Investment Opportunity with on-site residence.
  • Underserved Marina with Value Add Potential
  • 2.54 AC On Black Water River

OVERVIEW

Great opportunity for an experienced entrepreneurial buyer. The asset being offered is currently operated by an out-of-town owner, this underserved asset has great potential upside for a savvy, engaged buyer. In place on a 2.54 AC waterfront parcel is an established marina that has both covered and uncovered slips that range in size from 8 FT to 22ft to accommodate a range of recreational boats including pontoon, center consoles, and fishing boats. Water and power are available to each slip. Currently there are 13 slips, 8 of which are leased. Upside potential- A buyer can evaluate leasing the vacant slips, reviewing current rental rates bringing the rates to current market values, improving the dock facilities, and exploring additional uses for the site and addition of slips where permitted. The business could gain exposure by utilizing modern technology such as an updated website, professional online marketing of the asset, self-service berth apps to streamline the user process. The 3 Bed 2 bath brick home has been maintained is nicely updated and should an owner choose not to live on site the residence presents a potential additional rental opportunity, for an Airbnb or a long-term rental: subject to applicable approvals and a buyer’s operating plan. Reported 2025 net operating income was $25,000. Financials are available to qualified buyers upon execution of an NDA.

FOR SALE DETAILS

PRICE

$589,000 USD

PRICE/SF

$434 USD /SF

CAP RATE

4.24%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Marina Income. On-Site Living.

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

C-M1

APN/PARCEL ID

02-1N-28-0000-10900-0000,02-1N-28-0000-10901-0000

ASK ABOUT THIS PROPERTY

Tanner StewartNAI PensacolaMore Info
850-433-0577

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Tanner StewartNAI PensacolaMore Info
850-433-0577

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