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On Del Prado Blvd., Cape Coral, FL
PRICE: $3,200,000


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MARINA IN CAPE CORAL - OWNER FINANCING - 15% DOWN - 6.5% CAP RATE


This facility is ideal for permitting of an indoor rack storage facility for boats up to 40'. The abutting property has been permitted for a 160 boat indoor dry rack facility and the marina across the canal is also a successful indoor dry stack marina. Dry slips are now being offered at prices of $80,000 per rack. All marinas report 100% occupancy with need for additional dry slip marinas. Currently the entire facility is leased at $18,000 per month, triple net less a 3% sales tax. An investor can enjoy this rental income while securing entitlements for the development of the property. With excellent heavily traveled and high vehicle count road frontage, this property offers many alternate uses and development potentials. Owner financing is available with 15% down payment, 6% interest, 20 year amortization, 5 year note, equates to a 6.5% CAP RATE.

Details of this Cape Coral Marina For Sale
MARINA NAME: Boats Unlimited ADDRESS: On Del Prado Blvd.
CITY: Cape Coral STATE: FL
TERMS: Financing Available WET SLIPS: Bulkhead Only
DRY RACKS: Land Only PRICE: $3,200,000
MAXIMUM BOAT SIZES: 40' MLW DEPTH: 5'
ACREAGE: 1.15 BUILDINGS: yes
MARINE STORE: leased FUEL DISPENSING: no
HAULING CAPACITY: fork lift BOAT SALES: leased
BOAT BROKERAGE: leased BOAT RENTALS: leased
MARINE SERVICE: leased PARTS: leased
WINTER STORAGE: leased RESTAURANT: no
ON SITE RESIDENCE: no SLIP/RACK SALES: no
PARKING SPACES: off street OTHER PROFIT CENTER: N/A
FINANCING AVAILABLE: Yes AREA/ON-SITE AMENITIES: : marine
EQUIPMENT INCLUDED: yes STATUS: Sold