7022 SW 358 Hwy - Marinas FOR SALE


Steinhatchee, FL 32359
$3,500,000 USD
305-390-0397
7022 SW 358 Hwy, Steinhatchee, FL for Sale
$3,500,000 USD
Marinas - FOR SALE
1/11
null | Request Cap Rate

7022 SW 358 Hwy
Steinhatchee, FL 32359


HIGHLIGHTS

  • 44 Floating wet slip marina and 23 existing integrated lodging Units
  • Plans to reinstate motel with 73 units
  • Plus 2 acres with 26 covered boat/RV storage units Another vacant 2 acre site adjacent to the boat/RV storage

OVERVIEW

Unique Multi-Parcell Waterfrontt Offering withh Diverse Income Streams - The offering consists of five parcels totaling approximately 9± acres, including a 1.8± acre waterfront marina and four upland parcels. The property benefits from multiple complementary revenue streams including marina slips, cabin rentals, restaurant and bar operations, boat storage, residential rentals, and significant future development potential. Established, Income-Producing Marina and Hospitalityy Asset - The 2± acre waterfront marina features 44 existing boat slips (49 permitted), active boat rentals, fuel service, boat ramp, and a fish cleaning station. The property also includes 23 high-quality waterfront cabins and a well established restaurant and bar, creating a vibrant destination for boaters and visitors. Significant Hospitality Redevelopment Upside -Ownership has plans in place, with preliminary support from the City, to redevelop and reinstate a 73-unit motel on the marina parcel. This provides a major value-add opportunity to expand lodging capacity and substantially increase revenue. Additional Boat and RV Storage Income with Expansion Potential -An upland 2± acre parcel includes 26 covered boat storage units across two bays and outdoor RV storage area. A neighboring vacant 2± acre parcel offers the opportunity to expand storage capacity or pursue additional development. Additional Residential Income and Land Bank Opportunity- Two additional upland parcels, of approximately 3± acres, include existing manufactured homes that generate residential rental income. These parcels also provide long-term redevelopment potential for additional residential units, workforce housing, or marina-support uses. Multiple Revenue Streams Provide Stable and Resilient Cash Flow - The combination of marina operations, lodging, restaurant and bar, storage income, and residential rentals creates a diversified revenue base that enhances income stability and reduces reliance on any single source. Compeling Value-Add and Expansion Opportunity - The offering presents significant upside through motel redevelopment, expansion of boat and RV storage, additional residential units, and operational optimization. Passive Ownership Opportunity with Professional Management Potential - The property is currently absentee-owned and operates successfully, presenting an opportunity for continued passive ownership or increased returns through active management and institutional operational efficiencies.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Good Times Marina-Restaurant-Cabins-Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

c-3 Commercial Rec

APN/PARCEL ID

26-09-09-0045-000-00320,26-09-09-0045-000-00670,26-09-09-0045-000-00830,26-09-09-0045-000-20320

ASK ABOUT THIS PROPERTY

George AshMichelle Ash, Simply MarinasMore Info
305-390-0397

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George AshMichelle Ash, Simply MarinasMore Info
305-390-0397

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