1400 SW Chapman Way
Palm City, FL 34990
Meridian Marina & Yacht Club · Specialty Property For Sale · 62,000 SF

Large dry stack marina located in SE Florida with a 62,000 Square Foot Indoor Boat Storage facility with dry slip storage currently racked for 280 boats (90% occupancy) and approved for 28 more racks. Situated on a tropical 6.8 +/- acre waterfront paradise, located just 45 minutes north of Palm Beach. Additional 3.9 +/- acres of vacant waterfront development property available to purchase, with owner financing possible. Located on the banks of the St. Lucie River in Palm City, in an area dubbed the “Treasure Coast,” this unique property has much to offer including: • Over $1.4 million total revenue • Over $450,000 NOI • Direct ocean access on ICW with no fixed bridges The property’s deep water basin is owned, not leased, and flows directly into the Atlantic Intracoastal Waterway. The property currently operates a profitable 62,000 sq. foot marina but offers so much more investment potential with an 8000 sq. foot office building which includes an owner’s apartment on the second floor. In addition, a contiguous vacant lot is available for separate purchase with sewer and utilities already set up. The vacant lot is zoned and perfect for additional dry stack storage and a sales/retail center. The two properties together would be one of the largest dry stacks available in SE Florida at over 11 acres. This price is firm, as is. Some superficial deferred maintenance on this property make this a screaming great deal with near immediate upside in value. This unique South Florida waterfront opportunity will not last long. Similar sized marina across the river recently sold May 2019 for $10,950,000. Call today for more details.