Recreation Area Rd - Marinas FOR SALE


Cottondale, AL 35453
$4,775,000 USD
423-544-0002
Recreation Area Rd, Cottondale, AL for Sale
$4,775,000 USD
Marinas - FOR SALE
1/1
null | 12% Cap Rate

Recreation Area Rd
Cottondale, AL 35453


OVERVIEW

3 portfolio marina package. Can be sold as two marinas or all three together. All within 20 minutes of each other. Great mix of covered storage, slip rental, maintenance work, and new boat sales. The address and picture listed are not the actual address; the address and financials will be provided once a confidentiality agreement is signed. Properties are about 45 minutes to an hour from Birmingham, Alabama. The price for all three marinas is 17 million, which includes approximately 715 slips/storage/rv units. The two marinas, valued at $ 4,850,000, have approximately 298 slips/storage. There is significant immediate value added, given the current slip rate is well below the market. A $rental increase on most slips and storage will be done January 2026. Even with that, there is still a lot of upside on the rental rates. The agent is willing to put in $500k for a silent ownership interest.

FOR SALE DETAILS

PRICE

$4,775,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

ADD'L SUBTYPES

Self Storage, Shipyard

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,501 SF

ZONING

R-C

APN/PARCEL ID

23-00-33-3-009-030.000

ASK ABOUT THIS PROPERTY

Stewart PhillipsKeller Williams RealtyMore Info
423-544-0002

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Stewart PhillipsKeller Williams RealtyMore Info
423-544-0002

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