239 E Beach Dr - Marinas FOR SALE


Panama City, FL 32401- Downtown Panama City
$2,400,000 USD
407-399-1120
239 E Beach Dr, Panama City, FL for Sale
$2,400,000 USD
Marinas - FOR SALE
1/25
null | 9.49% Cap Rate

239 E Beach Dr
Panama City, FL 32401
Downtown Panama City


HIGHLIGHTS

  • Prime location: Situated in the hear of revitalized downtown Panama City, FL, with excellent access to the Gulf of Mexico.
  • 49-Slip Marina: Well equipped boutique marina with fixed piers, electric, water and pump out at each slip.
  • Passive Income: Steady and reliable passive income from commercial office suites and slip rental.
  • Irreplaceable Location & High Demand: Close proximity to revitalized downtown combined with direct access to St. Andrew's Bay.
  • Supplemental Cash Flow: Includes a three-suite commercial office/retail building, newly renovated and leased through 2025.
  • Turnkey Operation: Ready-to-operate marina with established facilities and tenant leases in place.

OVERVIEW

SVN Marinas in partnership with Five Bridges Real Estate Services is pleased to present "Bristol Harbor Marina" located in the heart of revitalized downtown Panama City, FL. This 49 slip passive income boutique marina presents a prime opportunity to own a thriving marina with excellent access to the Gulf of Mexico, via nearby Saint Andrews Inlet. The marina features newer fixed piers, electrical, water, pump out at every slip, gated, security, commercial office and retail, parking, and outdoor covered pavilion. Its close proximity to revitalized downtown Panama City and convenient ocean access ensures a consistent demand for slip occupancy. Recognized as a "Resilient Marina" by the Florida Department of Environmental Protection, Bristol Harbor boasts the highest ranking for environmental sustainability and resilience. The marina is home to several commercial and recreational charter operations, further enhancing its appeal and visibility. Buyers have the opportunity to expand the business further by increasing rates and focusing on long term commercial tents. In addition to the marina, this offering includes a recently renovated 3-suite office building on site. The offices are leased through 2025 providing additional cash flow.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$839 USD /SF

CAP RATE

9.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bristol Harbor Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

DTD(PC)

APN/PARCEL ID

19523-000-000

ASK ABOUT THIS PROPERTY

Josh SheppardSVN NautilusMore Info
407-399-1120

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Josh SheppardSVN NautilusMore Info
407-399-1120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.