806 Indian River Dr - Marinas FOR SALE


Sebastian, FL 32958
$11,500,000 USD
772-413-0548
806 Indian River Dr, Sebastian, FL for Sale
$11,500,000 USD
Marinas - FOR SALE
1/56
null | Request Cap Rate

806 Indian River Dr
Sebastian, FL 32958


HIGHLIGHTS

  • Mulligan's portfolio offers a rare opportunity to acquire a thriving waterfront destination, including three additional Mulligan's brand businesses.
  • Along the scenic Intracoastal Waterway, Mulligan's Marina features waterfront dining and stunning views of Northern Vero Beach Island.
  • Marina has 47 slips for vessels up to 40 feet, complete with water, electrical hookups, and app-monitored security, with half the slips leased.
  • Mulligan’s Beach House Bar and Grill operates under a long-term lease agreement, seats 200 guests, and includes an enclosed patio with waterway views.
  • Additional Mulligan's Beach House locations at Jensen Beach, Vero Beach, and Singer Island offer riverfront, oceanfront, and beachside dining options.
  • Enjoy waterfront dining and marina opportunities in key Florida coastal markets, offering significant growth potential and flexible purchase options.

OVERVIEW

Mulligan's Marina and Restaurant Portfolio presents a unique opportunity to acquire a thriving waterfront destination in Sebastian, Florida, along with three additional Mulligan's Beach House and Sports Bar locations, available for individual or bulk purchase. On the scenic Intracoastal Waterway, Mulligan's Marina combines modern marina amenities with waterfront dining, offering stunning views of Northern Vero Beach Island. Visitors can enjoy the tranquility of the Indian River, spotting dolphins, pelicans, and manatees in a relaxed setting. Conveniently located near Riverview Park, US Highway 1, and just 13 miles north of Vero Beach, the property attracts a mix of locals and tourists, benefiting from the area's seasonal population growth. Mulligan's Beach House Bar and Grill seats 200 guests and features an enclosed patio with large opening windows for waterway views. The restaurant is fully operational with a long-term lease that includes a 10-year initial term, three five-year renewal options, and annual rent increases beginning in year three. Fixtures and equipment in excellent condition are included, along with 77 parking spaces and potential for expansion. The marina, rebuilt in 2024, includes 47 composite finger slips for vessels up to 40 feet, with lifts supporting up to 20,000 pounds. Each slip has water, electrical hookups, dock boxes, and access to cleaning stations. Security is ensured with app-monitored cameras, and 50% of slips are already leased, with demand growing steadily. The property also features a second-floor commercial space with three rooms, two bathrooms, storage, and a wraparound deck with riverfront views. Located near Pelican Island and Sebastian Inlet, the marina provides direct access to beaches and boating routes free of fixed bridges or speed restrictions. On-site dining and planned provisioning services for boaters further enhance its appeal. In addition to this offering, three additional Mulligan's Beach House and Sports Bar businesses are available (real estate not included). The Jensen Beach location, situated at 2019 NE Jensen Beach Boulevard, offers 7,000 square feet of space with a seating capacity of 220, located on the riverfront with a two-story layout. The Vero Beach location, at 1025 Beachland Boulevard, provides 6,000 square feet of space with a 230-person seating capacity, positioned oceanfront and attached to a hotel. The Riviera Beach/Singer Island location, located at 2551 N Ocean Avenue, features 8,500 square feet of space with a seating capacity of 175, is situated on the beachside, and includes an arcade. This portfolio represents an exceptional investment opportunity in Florida's vibrant coastal markets. It blends waterfront dining and marina services with substantial growth potential. The "Links" section below provides links to the business offering on BizBuySell.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$1,548 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mulligan’s Marina and Restaurant Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

CWR

APN/PARCEL ID

31-39-06-00000-0070-00005.0

ASK ABOUT THIS PROPERTY

Bernadette BunchRealty One Group EngageMore Info
772-413-0548

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Bernadette BunchRealty One Group EngageMore Info
772-413-0548

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