200 Treasure Harbor Dr - Treasure Harbor Marina
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200 Treasure Harbor Dr - Treasure Harbor Marina
1,069 SF Specialty Building Offered at $14,082,413 CAD at a 10.26% Cap Rate in Islamorada, FL 33036
INVESTMENT HIGHLIGHTS
- 2024 Net Income Over $1 Million Per Year, Over 10% Cap Rate At Asking Price
- Lucrative Vacation Rental business with (10) Aqua Lodges included
- (18) Deep Water Wet Slips, Accommodate Yachts 50 FT + In Length
- Successful Boat Rental business with 17 Rental Boats included
EXECUTIVE SUMMARY
2024 NET INCOME OVER $1 MILLION/YR. OVER 10% CAP RATE AT ASKING PRICE. Very Profitable Marina & Unique Resort in Islamorada, FL. Manager on site handles responsibilities with oversight from the absentee owner. Rare 1+ Acre Oceanside Lot with many uses possible. Deep water protected harbor with 18 large boat slips that can accommodate 50+ ft. yachts. Approach depth approximately 6 ft.+ at high tide with a clearly marked channel. Successful Boat Rental Business with 17 boats included in the sale. Lucrative Vacation Rental Business with (10) Aqua Lodges and 1 houseboat also included. Features include water, new 30 Amp and 50 Amp electric at each slip, fuel dock, concrete building with office, ship store, workshop, and garage/storage. 2 outdoor showers, 2 bath houses with indoor showers, stalls, and dressing area. New waste/pump-out station and fuel station. An additional separate concrete building used for storage on the North side of the property. Private marina, must call for an appointment and sign an NDA/CA for more information.
PROPERTY FACTS
| Price | $14,082,413 CAD | Building Class | C |
| Price Per SF | $13,173 CAD | Lot Size | 1.09 AC |
| Sale Type | Investment | Building Size | 1,069 SF |
| Cap Rate | 10.26% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1948/1975 |
| Property Subtype | Marina |
| Price | $14,082,413 CAD |
| Price Per SF | $13,173 CAD |
| Sale Type | Investment |
| Cap Rate | 10.26% |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 1,069 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1948/1975 |
AMENITIES
- Waterfront
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 00410540-000200 | Improvements Assessment | $203,159 CAD |
| Land Assessment | $3,157,579 CAD | Total Assessment | $3,360,737 CAD |
PROPERTY TAXES
Parcel Number
00410540-000200
Land Assessment
$3,157,579 CAD
Improvements Assessment
$203,159 CAD
Total Assessment
$3,360,737 CAD
ZONING
| Zoning Code | MR (Marine Use) |
| MR (Marine Use) |
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200 Treasure Harbor Dr - Treasure Harbor Marina
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