Marina for Sale: Waterman’s Marina – Galveston, TX
Overview
Waterman’s Marina is a full occupancy marina, with expansion upside in a highly desirable Texas location. The marina is adjacent to Waterman's Restaurant, which may be purchased in addition to the marina.
This is rare opportunity to acquire a full occupancy marina in the highly desirable Galveston, TX market. The marina is consistently at full occupancy, which offers a potential path to slip expansion. The submerged land is leased from the Texas General Land Office (GLO). The improvements are very well maintained, in great condition, and relatively new. There is an onsite residence that goes with the marina sale. There is a full management team in place, as the ownership is currently absentee.
Local Broker of Record:
Lynn Blakeley
Blakeley Commercial Real Estate
4040 Broadway, Suite 240
San Antonio, Texas 78209
210.724.5111
lynn@blakeleycre.com
Marina Marketing and Investment Adviser:
George Ash
Simply Marinas
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
352.262.5784
george.ash@simplymarinas.com
Highlights
The marina and restaurant can be purchased together or separately
- Marina
- Consistently at full occupancy with a wait list
- Marina expansion potential
- 111+/- Slip
- All rental slips have lifts and can accommodate boats up to 28’ and up to 8,000lbs
- Courtesy and fuel dock can accommodate approximately 20 boats
- Covered, fixed, wood construction in great condition (docks built 2011 to 2014)
- Popular 600+/- sq ft marina store with bait, tackle, ice, snacks, and beverages
- 6 large live bait wells
- Fuel infrastructure
- 4,000 gallon above-ground fuel tank
- Fuel dispenser with two pumps
- Popular on-site boat ramp
- On-site residence
- 1,500+/- sq ft
- 2 bed / 1 bath
The Opportunity
- Marina Expansion
- The Seller believes a 102 slip expansion can be implemented, with appropriate GLO and USACE permission
- Seller has construction and engineering plans in-hand
- Market demand is clear with a viable wait list for slips
- Incremental slip rental rate increases – the facility is currently and historically at full occupancy, with a wait list
- Introduce boat rentals
- Introduce boat brokerage
Gallery
Map
Contact us for a complimentary strategic consultation and preliminary valuation.
