Property Information

$2,865,000

Estimated Monthly Payment: $10,615

20.00% down at 3.75% - Change

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Purchase Price

Down Payment ($573,000) % $

Loan Type 15 Year Fixed 30 Year Fixed

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Commercial Building

ID# 555902

On HomeFinder.com 04/22/11

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Description

RARE waterfront property. GREAT DEVELOPMENT OPPORTUNITY. Four lots with a total of 54 boat slips. 305 feet of waterfront. The 48-slip marina is fully occupied. Net income is approximately $11,500 per month. Located in Northwest Florida and only five miles to Destin/Midbay Bridge. The dock and slips occupy deep water. The owner added 29 slips to the original 19 in 2002. The lot that fronts the marina has a three-story professional office building that is also for sale and is leased. Income approximately $2,600 per month. Three decks on this building overlook the docks and bayou. The lot with block building next to Guiseppi's restaurant has a small dock with two boat slips. The home has a dock with boat slips as does the empty parcel next door to the home. The four parcels and the marina are contiguous. Additional three plus acres of upland property is available across the street. See agent notes for other listings-details and pricing. Live video from two web cams of the marina, office building and home for sale can be found at www. nicevilleyc. org.