This Special Purpose Property is Off-Market.

1515 SW 20th Street
Fort Lauderdale, FL 33315 ·

8,000 SF · Special Purpose For Sale

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River Bend Marine Center|Bank Owned

Price N/A Property Use Type Business For Sale
Building Size 8,000 SF Distressed Yes
Property Type Special Purpose Commission Split 1.5%
Property Sub-type Marina Lot Size 8 AC
Listing ID: 17441239 Date Created: 12/06/2011 Last Updated: 11/03/2015

Description

" Successful marine services and repair business on a prime location in Fort Lauderdale. $500,000 NOI. with 63 years left on the lease.River Bend is currently bank owned. The prior owner defaulted on a $13M notes. The site can be transformed into a mega yacht facility. It has a gross income over $2M and NOI around $500,00.
" Located in the heart of Fort Lauderdale , home to the world's great marine facilities and immediately adjacent to one of the largest Marine Reapir Facilities, Fort Lauderdale Marine Center
" Great for absentee investor, boat dealership, or end user
" Approximately 8 acres Leasehold ; 2.5 submerged.
" All Marine Related Service and Repairs
" Currently accommodates approximately 65 vessels--40% in the basin and 60% on land. Additional capacity can be achieved with improvements
" Has three fuel tanks that service the yard
" The marine center includes an office building, storage, and warehouse.

River Bend is located on the South Fork of the New River, located approximately 3 miles from the Intracoastal Waterway and approximately 6 miles inland from the coast. It is the first boatyard going in Marina Mile. All boats pass it before arriving to other boatyards in Fort Lauderdale. River Bend is located just east of 1-95 bridge and is not affected by bridge's vertical clearance of 55 feet unlike boatyards further east. It has direct access to the Atlantic Ocean with no fixed bridges. The Marine Center is around 20 minutes by boat to downtown Fort Lauderdale and another 20 minutes from the Atlantic. It is the first facility located west of down Fort Lauderdale.

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1515 SW 20th Street, Fort Lauderdale, FL 33315 (Broward County)

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