Marina Sold: Bahia Marina & Docks Store – Texas

Price: $1,900,000

Overview

Simply Marinas represented both parties for a quick seamless closing. The sale was handled confidentially by the Simply Marinas team.

This was a rare opportunity to acquire an absentee owned and operated marina on Corpus Christi Bay with direct access to the Gulf of Mexico. The marina is situated at the canal entrance to Ingleside on the Bay, Texas. In business since 1966, the marina enjoys full occupancy and provides hands-off income to the current absentee owner. Current profit centers include slip rentals, a five unit apartment building and a third-party leased restaurant/convenience store building. Marina amenities include a pool, bathhouse with showers, and a laundry facility. The marina has a popular open-air concert venue, providing a friendly and fun atmosphere. New ownership can find plenty of upside in using or re-purposing the currently vacant multipurpose workshop/storage building.

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

45 fixed wooden slips separated by finger piers and wooden pilings
Approximately 3.785 acres fee simple
Approximately 1700 linear feet of concrete bulkhead
Slips sizes vary in size, and are able to accommodate boats from 20 ft to 50 ft in length, and up to 17 feet abeam. Two slips are double-wide to accommodate catamarans up to 25 feet wide
Boat ramp
All slips have city water
24 slips have 30 or 50 amp electric service, individually metered
Two transient slips with 30/50 amp electric service
One, five-unit apartment building
1-1 bedroom 1 bath (900 sq ft); 4 2-bedroom 1-1/2 bath (1200 sq ft)
One 40x60 multipurpose workshop/storage building
One 400 sq. ft. restaurant/convenience store building
One bath house/restroom building with two restrooms and two showers
One laundry facility with one washer and one dryer
Open air concert venue with 8x12 palapa stage
General business zoning

The Opportunity

Re-introduce fuel service. Historically, there was a fuel sales operation at the facility. Texas GLO will be cooperative in permitting.
Utilize the boat ramp and introduce quick-hall for boats in the 35’ range
Introduce a boat rental fleet
Introduce service and repair
The currently underutilized 40/60 storage building could be re-purposed for self-storage or boat shop.