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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
Property Facts
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
Parcel Number | 16-19-30-5AB-4700-0010 | Improvements Assessment | $1,073,252 |
Land Assessment | $805,219 | Total Assessment | $1,878,471 |
PROPERTY TAXES
zoning
Zoning Code | M-1 (Light industrial) |
M-1 (Light industrial) |
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4370 Carraway Pl - Boat Tree Marina, Sanford, FLorida
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