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Retail & 13 Boat Marina | 631 Northlake

2 Properties Offered at $5,900,000 in North Palm Beach, FL

Investment Highlights

  • Once-in-a-lifetime opportunity to invest in a well-maintained marina and retail shop with access to the Intracoastal Waterway and the Atlantic Ocean.
  • Bait and tackle shop caters to boating/fishing enthusiasts with essential marine supplies, an immediate investment with inventory and FF&E included.
  • Located in North Palm Beach, the property benefits from a thriving community filled with restaurants, parks, and recreational activities.
  • Family-owned and operated for 62 years, this marina features 13 boat slips, five over 30 feet long with 20,000-pound lifts and eight wet slips.
  • Two access points to the Intracoastal Waterway and the inlet's proximity present opportunities for future expansion and development.

Executive Summary

631 Northlake Boulevard offers an exceptional investment opportunity with a prime waterfront marina and retail shop, providing direct access to the Intracoastal Waterway and the Atlantic Ocean in North Palm Beach. This well-maintained, owner-operated marina has been meticulously managed and expanded over 62 years, featuring accommodations for 13 boats, including five spacious slips, each over 30 feet, with 20,000-pound lifts and eight additional wet slips.

A thriving bait-and-tackle shop complements the marina, catering to freshwater and saltwater fishing enthusiasts. Known for its custom rods and reels, the shop also boasts a diverse selection of live and frozen bait, tackle, clothing, snacks, and beverages, making it the ultimate one-stop destination for all boating and fishing needs. This turnkey opportunity includes the marina, business operations, inventory, furniture, fixtures, and equipment (FF&E), positioning investors for immediate success and income.

With two access points to the Intracoastal Waterway and connectivity to the Palm Beach Inlet, this unique property is well-positioned for future potential growth and development. Operating in North Palm Beach, an affluent suburb north of West Palm Beach, 631 Northlake Boulevard enjoys a vibrant coastal atmosphere enriched by numerous restaurants, coffee shops, and parks. Explore endless possibilities and capitalize on North Palm Beach's booming retail and recreational boating sectors with this dynamic commercial offering.

Property Facts

Price $5,900,000
Price / SF $1,369 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 4,310 SF
Total Land Area 0.47 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
631 Northlake Blvd, North Palm Beach, FL 33408 Retail 4,310 SF 1962 -
13 Boat Slip Marina
631 Northlake Blvd, North Palm Beach, FL 33408
Specialty - 1962 -
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Sale Advisor

Sale Advisor

(561) 762-3181
Contact
Caroline Fallon, Broker Owner
(561) 762-3181
Contact
With nearly five decades of experience in Palm Beach County real estate, Caroline Fallon is a trusted expert in the local market. Since 1975, she has been serving clients with integrity and dedication, offering comprehensive services for both commercial and residential properties. Her deep knowledge of the region, combined with 20 years of commercial real estate lending expertise, allows her to provide clients with a strategic advantage in navigating complex transactions.
  • Listing ID: 33547329

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: Retail & 13 Boat Marina | 631 Northlake, North Palm Beach, FL

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