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4370 Carraway Pl - Boat Tree Marina, Sanford, FLorida

30,000 SF Specialty Building Offered at $7,800,000 at a 10.51% Cap Rate in Sanford, FL 32771

Investment Highlights

  • Total Storage Capacity over approximately 600 Boats (200 Wet and 400 Dry)
  • Price: $2,800,000.00 Plus Mandatory Dock Replacement Cost = $7,800,000.00+/-
  • Full suite of amenities with 2 restaurants tenants
  • Operated on long-term leasehold land
  • Full boat and engine parts and service department, and dealership

Executive Summary

Prime waterfront location with steady revenue stream.

Property Facts

Price $7,800,000
Price Per SF $260
Sale Type Investment or Owner User
Cap Rate 10.51%
Sale Conditions
Business Value Included
  • Deferred Maintenance
Property Type Specialty
Property Subtype Marina
Building Class C
Lot Size 2.60 AC
Building Size 30,000 SF
No. Stories 1
Year Built 1985
Parking Ratio 1/1,000 SF
No. Drive In / Grade-Level Doors 1

About 4370 Carraway Pl , Sanford, FL 32771

Price: $2,800,000.00 Plus Mandatory Dock Replacement Cost = $7,800,000.00+/- This is a rare opportunity to acquire a large, full-service inland marina and dealership in Central Florida. Well-located marinas of this scale are rarely available for purchase. Guests can access a full suite of amenities, notably a ship store, fuel dock, two on-site restaurants, boat and motor service, repair, and a dealership. The diverse business lines and strategic location create a captive and dedicated customer base. Most of the net income is derived from boat storage and 3rd party commercial tenant rents. A dedicated and long-standing management team overseeing all marina, dealership, service, and boat rental operations is in place and can transition to new marina ownership. The two on-site restaurants are operated by reputable third-party commercial tenants, providing marina ownership with a steady rental income stream. The marina is within close driving distance of major population centers.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-19-30-5AB-4700-0010
Land Assessment
$805,219
Improvements Assessment
$1,073,252
Total Assessment
$1,878,471

zoning

Zoning Code M-1 (Light industrial)
M-1 (Light industrial)
  • Listing ID: 31953821

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 4370 Carraway Pl, Sanford, FL 32771

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