239 E Beach Dr - Bristol Harbor Marina
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239 E Beach Dr - Bristol Harbor Marina
2,860 SF Specialty Building Offered at $2,400,000 at a 8.67% Cap Rate in Panama City, FL 32401
Investment Highlights
- Prime location: Situated in the hear of revitalized downtown Panama City, FL, with excellent access to the Gulf of Mexico.
- Passive Income: Steady and reliable passive income from commercial office suites and slip rental.
- Supplemental Cash Flow: Includes a three-suite commercial office/retail building, newly renovated and leased through 2025.
- 49-Slip Marina: Well equipped boutique marina with fixed piers, electric, water and pump out at each slip.
- Irreplaceable Location & High Demand: Close proximity to revitalized downtown combined with direct access to St. Andrew's Bay.
- Turnkey Operation: Ready-to-operate marina with established facilities and tenant leases in place.
Executive Summary
SVN Marinas in partnership with Five Bridges Real Estate Services is pleased to present "Bristol Harbor Marina" located in the heart of revitalized downtown Panama City, FL. This 49 slip passive income boutique marina presents a prime opportunity to own a thriving marina with excellent access to the Gulf of Mexico, via nearby Saint Andrews Inlet. The marina features newer fixed piers, electrical, water, pump out at every slip, gated, security, commercial office and retail, parking, and outdoor covered pavilion. Its close proximity to revitalized downtown Panama City and convenient ocean access ensures a consistent demand for slip occupancy. Recognized as a "Resilient Marina" by the Florida Department of Environmental Protection, Bristol Harbor boasts the highest ranking for environmental sustainability and resilience. The marina is home to several commercial and recreational charter operations, further enhancing its appeal and visibility. Buyers have the opportunity to expand the business further by increasing rates and focusing on long term commercial tents. In addition to the marina, this offering includes a recently renovated 3-suite office building on site. The offices are leased through 2025 providing additional cash flow.
Data Room Click Here to Access
- Third Party Reports
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,400,000 | Lot Size | 0.68 AC |
| Price Per SF | $839 | Building Size | 2,860 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 8.67% | Year Built/Renovated | 1948/2019 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Marina | Parking Ratio | 15.73/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $2,400,000 |
| Price Per SF | $839 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.67% |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 2,860 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2019 |
| Tenancy | Single |
| Parking Ratio | 15.73/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Waterfront
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $56,304 (2023) | |
| Land Assessment | $339,940 (2023) | Total Assessment | $396,244 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$339,940 (2023)
Improvements Assessment
$56,304 (2023)
Total Assessment
$396,244 (2023)
zoning
| Zoning Code | DTD(PC) (DOWNTOWN DISTRICT-To encourage and promote economic growth and redevelopment downtown, higher residential density and non-residential intensities.) |
| DTD(PC) (DOWNTOWN DISTRICT-To encourage and promote economic growth and redevelopment downtown, higher residential density and non-residential intensities.) |
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239 E Beach Dr - Bristol Harbor Marina
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