Sailfish Capital Center (SCC) is planned as an upscale Marina property located on the bay in downtown Stuart, Florida a few nautical miles from the St. Lucie Inlet. It comprises 0.6 acres of upland property plus over 4 acres on water marina property nestled in the center of Stuart's newest yacht club, The Horborage (www.harborageyachtclub.com). The Harborage is comprised of town homes and cottages with the majority of slips for vessels ranging from 30 to 60 feet. Sailfish Capital Center is planned as a 4-story commercial/condo building of 20,000 square feet and a 51 slip marina focused on 60 to 120 foot yachts. The Sailfifh Capital Center picks up where The Harborage leaves off.

The real value of the property is its status as permitted for marina construction as well as being a preferred marina property by the city, county and state. Sailfish Capital Center has procured permits from all of the necesary departments to begin construction.

The property has been planned and approved for a development that serves the needs of the wealthiest segment of the yachting community. There is a significant shortage of slips for vessels in our target range. Three customers are already standing by for slips over 100'.

The facility will be constructed in concrete with extra wide piers and decorative wooden decking. Services will be the best yachters expect including high-speed diesel fueling, convenient 50/100 amp shore power, pump out and high-speed Internet. The upland facility is to have a marina store, café and tailor its' tenants to yachting. The current tenants who desire to continue renting space in the new facilities include an iInterior decorator for yachts, marine insurance agent, yacht monitoring business nad yacht designers.

The closest real estate comparisons available in the area show a land value of between $1.2 million and $2 million per acre for waterfront property. The facility would require a proper survey, but would be conservative at $800,000. The current rates for comparable slips in this area is $16 per linear foot month and up. This equates to $6-700,000 annually. Fuel sales is to be decided.

 

Located at: 304 NW Flagler Avenue, Stuart, FL

Offered at: $1,999,000