14302 Stewart Rd - Waterman's Marina - Galveston, TX
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14302 Stewart Rd - Waterman's Marina - Galveston, TX
2,000 SF Speciality Building Offered For Sale in Galveston, TX 77554
Investment Highlights
- 111+/- covered wet slips. All rental slips have lifts and can accommodate boats up to 28’ and up to 8,000lbs
- Consistently at full occupancy with a wait list
- Popular 600+/- sq ft marina store with bait, tackle, ice, snacks, and beverages and 6 large live bait wells
- Boat ramp and courtesy and fuel dock can accommodate approximately 20 boats
- Covered, fixed, wood construction in great condition (docks built 2011 to 2014)
- 2 bed/ 1 bath on-sitre residence
Executive Summary
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
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
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 0.35 AC |
| Sale Conditions | Business Value Included | Building Size | 2,000 SF |
| Property Type | Speciality | Number of Floors | 1 |
| Property Subtype | Marina | Year Built/Renovated | 2011/2014 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Business Value Included |
| Property Type | Speciality |
| Property Subtype | Marina |
| Lot Size | 0.35 AC |
| Building Size | 2,000 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 2011/2014 |
About 14302 Stewart Rd , Galveston, TX 77554
The submerged land is leased from the Texas General Land Office (GLO). All improvements are in great condition, with no deferred maintenance. The marina and restaurant can be purchased together or separately.
PROPERTY TAXES
| Parcel Number | 4458-0000-0001-000 | Improvements Assessment | £0 |
| Land Assessment | £1,180,590 | Total Assessment | £1,180,590 |
PROPERTY TAXES
Parcel Number
4458-0000-0001-000
Land Assessment
£1,180,590
Improvements Assessment
£0
Total Assessment
£1,180,590
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14302 Stewart Rd - Waterman's Marina - Galveston, TX
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