PROPERTY / BUSINESS DETAILS

 

THE LAND

  • 15,500. SQFT waterfront lot with deep water unobstructed access to the Atlantic Ocean

  • Large Dock with 7 Boat Slips

THE BUILDING

  • 2001-Constructed Metal Building with:

  • 5,150 SQFT Elevated Structure with 6 Roll-Up Doors, including several that are 14’ tall

  • A Renovated Built-Out Office Space for guest check-ins with a 1st Floor Bathroom and Laundry

  • A Paint Booth

  • Plenty of Interior Storage for Boats with Trailers

  • A Renovated 2nd Story Legal Dwelling with 1,400 SQFT 1 Bed/1 Bath, a Living Room, and Kitchen, with Impact Resistance Windows

THE FLEET

  • 20 Pristine Boats ranging in size from 25ft to 34ft in length with Twin Yamaha Motors Including 2 brand new Boats

    The maintenance schedules of the boats are impeccable with each boat every 1 to 2 years receiving the following:

  • Brand New Paint and Brand New Upholstered Interiors

  • Brand New Canvas on the T-Tops

  • All electronics have been updated

  • Each boat received upgraded Twin Yamaha Motors within the last 2 years with Brand New backup motors in storage

  • 19 Fully Registered and Roadworthy Custom-Painted Aluminum Trailers for the fleet

ADDITIONALLY INCLUDED

  • A 2017 Ford F250 4x4 Work Truck

  • Spare Boat Parts and Supplies

  • A Full Staff

  • And so much more…

SUMMARY

Are you impressed yet? You should be. You will not find another comparable opportunity in all of the Florida Keys like this as this business has been successfully operated since 2007 with an estimated 80% of its business from repeat customers, one of the most impressive boat fleets in the Keys, which at the current offer price provides an estimated 12% Annual Capitalization Rate with opportunities to easily expand the business and boost annual revenues.

So, if you have been dreaming about moving to the Florida Keys and owning a business, you may have just found the perfect opportunity - as of day one of ownership, you are cash flowing!

Financials are available, provided upon fully executed NDA.

 

Location, Tax & Legal

City
MARATHON

Off Shore Island
No

Subdivision
Coco Plum (54.6)

Mile Marker
54.6

County
Monroe

Area
18 - East of Holiday Inn US #1 & Coco Plum

Marathon Neighborhood
Coco Plum

Side
Ocean

 

Flood Zone
AE,AE

Alternate Key #
8802048

Parcel #
00100750-000102

Zoning
MU - Mixed Use Commercial Mixed Use

Legal
5/4 66 33 FAT DEER KEY PT GOVT LOTS 2 & 6 (AKA LOT 2 & PT EASEMENT & PT ADJ CANAL UNRECORDED PLAT OF LIME GROVE ESTATES)

Taxes
9,729.07

Tax Year
2021

 

General Property Description

Realtor.COM Type
Commercial

Style
Commercial

Lot Size
under 1 acre

Lot SqFt
15,500

Waterfront
Yes

Control Depth
5

Business Name
Tropical Boat Rental

Year Established
August 8, 2007

Off Street Parking
YES

# Stories
2

Building Ht. Ft.
20

 

Total # Buildings
1

Building SqFt
5,150

SqFt Source
Property Data Card

Living Apx SqFt
5,150

Total Units
1

Year Built
2001

Total Bedrooms
1

Full Baths
1

Half Baths
1

Total Baths
2

 

Property Info

# Boat Slips

7

# Kitchens

1

# Refrigerators

1

# Range/Ovens

1

# Washers

1

# Dryers

1

# Dishwashers

1

# Bed/Bath

1/1

Type

Boat Care, Boat Sales/Service, Marina

Dockage

Dock

Wood

Boat Slip

Yes

Waterfront

Canal Front

Waterview

Canal ViewUtilities

FKAA, Municipal Sewer

Construction

Combo Construction, Steel Reinforced

Electric

220 Volt, Circuit Breakers, Single Phase

Windows/Doors

Aluminum Windows, Impact Rstnce Window

Floor

Concrete, Tile Floor, Wood Floor

Roof

Metal Roof

Land Size

1/4 - 1/2 Acre

Terms

Buyer Obtain Finance, No Seller Finance

Financial Status