Print SheetPrint Sheet CloseClose
PROPERTY EXPERTS
PROPERTY EXPERTS
+679-6728943
PROPERTY EXPERTS
Property Price: $1,100,000.00
Sold Price: $1,155,000.00
Property Type: Mixed Use
House Style: Other
Lot Size: 100188
Status: Sold
Marketing Remarks:

Matanzas Boat and RV Storage is a 2.3 acre property with 500 feet of road frontage located on State Road 206, a high traffic area between US 1 and State Road A1A. The outdoor storage business was expanded in 2019 to 114 rental units, with virtually no vacancy and a waiting list of future customers. The completely fenced in property includes, site lighting, an electronically controlled gate, remotely controlled 15 camera security system, a well and a storage unit. Customers have access to power and water for each rental site, 50 amp power is available for several units. In addition, customers have access to an air compressor and power wash station. The property has a Special Use Permit and a Zoning Variance which is transferable and will run with the property. (See More) Matanzas Boat and RV Storage is a 2.3 acre property with 500 feet of road frontage located on State Road 206, a high traffic area between US 1 and State Road A1A. The outdoor storage business was expanded in 2019 to 114 rental units, with virtually no vacancy and a waiting list of future customers. The completely fenced in property includes, site lighting, an electronically controlled gate, remotely controlled 15 camera security system, a well and a storage unit. Customers have access to power and water for each rental site, 50 amp power is available for several units. In addition, customers have access to an air compressor and power wash station. The property has a Special Use Permit and a Zoning Variance which is transferable and will run with the property. Current rental pricing is very conservative. The new owner has the ability to substantially increase pricing to compete with other local facilities and with little effort and no further investment, can substantially increase income. Current Cap Rate is 7.6. Based on projected gross income (in keeping with rates charged by competitors in the vicinity) the potential Cap Rate could rise to 13. The location of the property is favorable to boaters because of the proximity to launching ramps on the Intracoastal Waterway. Many developed areas nearby do not allow parking of Recreational Vehicles in the neighborhoods. This facility is convenient to those customers.

Print SheetPrint Sheet CloseClose
PROPERTY EXPERTS
PROPERTY EXPERTS
+679-6728943
PROPERTY EXPERTS
House 1980262226 House 1980262392 House 1980262403 House 1980262423 House 1980262430 House 1980262440 House 1980262455 House 1980262472 House 1980262491 House 1980262512 House 1980262533 House 1980262235 House 1980262560 House 1980262570 House 1980262248 House 1980262267 House 1980262290 House 1980262309 House 1980262328 House 1980262352 House 1980262372