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816 County Road 792
Oyster Creek, TX 77541
Sale Leaseback Marina Opportunity! · Specialty Property For Sale · 18,010 SF
Investment Highlights
- 9% CAP RATE: Rental Income from Marina Wet slips and New 5-Year Lease from Kirby Marina Operator. (Possible Seller financing is Available)
- Fuel Dock with 24 Hour Automated Service Pump, Excellent lighting on "Finger Piers", Individual Hose Bibs and Electric plugs for all tenants
- Adjacent 7 acres of waterfront land available separately for future Expansion Plans, or possible RV Park!
- Manager/Owner's Apartment with great views, 189 Existing Wet Slips (173 Covered, many with newly installed lifts) and +/- 18,000 sf of warehouse
- Full Service Boat Repair Facilities with Dry Docks and Wet Slips accommodating vessels up to 80'
- Only 10-15 minutes down Oyster Creek to the Ship Channel! (View Drone Video Link below)
PROPERTY FACTS
Amenities
- Waterfront
- Air Conditioning
About 816 County Road 792 , Oyster Creek, TX 77541
Exceptional "Value Add Opportunity" with substantial income in place! 2023 NOI is projected to exceed $261,000 based on current rent and expenses. Kirby Marina (Leased Buildings) provides a wide array of services..... including Covered Boat Slips, 24 Hour Fuel Pumps, pump-out/sewage a clean-out station, and private shower facilities for our Marina Tenants. The Marina offers covered slips with "strapless electric lifts" and additional covered wet slips for larger vessels/liveaboards. Additionally, Kirby Marina offers free electricity, a 24-hour fuel dock, and onsite maintenance/security. The maintenance department offers Full-Service boat repair including bottom paint, gel coat repair/refinishing, inspections, diesel repair and both inboard and outboard motor service. Improvements include 4-Covered Docks (173 Slips, All with Water and Electric), Marina Office, 8 air-conditioned/private showers, two large warehouse/shop buildings (+/- 14,00 sf.) with three-phase electricity, a separate waterfront "maintenance shed" (+/- 3,100 sf.) and manager's apartment. 35% Upside in Rental Income based on Existing Vacancy Buyer/Investor will receive all monthly slip rental income and an additional $5,000/per month from Kirby Marina, Inc. (Warehouse Tenant) CURRENT GROSS MONTHLY RENTAL INCOME EXCEEDS $380,000/Year (Contact Agent for Additional Details) (Projected Net Operating Income for 2023 is $261,000) (9.1% Cap Rate)
PROPERTY TAXES
| Parcel Number | 0146-0012-000 | Improvements Assessment | $1,334,426 |
| Land Assessment | $94,410 | Total Assessment | $1,428,836 |
PROPERTY TAXES
zoning
| Zoning Code | None |
| None |
