$2,995,000

Description

This is a rare opportunity to acquire a boutique marina asset in Gulfport, Florida. Pelican Bay Marina is located within the highly desirable Skimmer Point community, in the Pasadena Yacht & Country Club neighborhood. Positioned on a quiet intracoastal canal just off Boca Ciega Bay, the property encompasses over two total acres, including approximately one acre of upland, offering both operational functionality and long-term value potential. The marina features 20 boat slips, each equipped with a lift ranging from 13,000 to 24,000 pounds, accommodating a wide range of vessels and supporting consistent tenant demand. The property includes approximately 387 linear feet of seawall, with public electric and water utilities in place. The site is secured with private 24/7 gated access and an existing surveillance camera system. Currently operating with leases in place, the asset offers immediate income with clear opportunity to increase rents. Occupancy has historically been driven primarily through word-of-mouth, with no formal advertising, presenting a straightforward path to enhance visibility and improve revenue performance. Pelican Bay Marina also offers ease of ownership and management, as operations are limited to slip rentals only, with no additional amenities. Operating expenses are minimal and primarily limited to property taxes, insurance, maintenance, water, and electric. The marina benefits from a strong built-in customer base due to its cul-de-sac location, adjacency to popular pickleball courts, and proximity to affluent waterfront residences—supporting strong year-round occupancy. This offering is well suited for: Investors seeking stable marine-based cash flow, lifestyle buyers looking to secure private boat storage while generating passive income or long-term holders looking to capitalize on the scarcity of well-located marina properties in the Tampa Bay market. A significant upside may exist through the addition of floating wet slips and floating jet ski ports, as the property includes excess submerged land that may support expansion, subject to required entitlements. Additional recreational expansion may also be possible with applicable city/county/HOA approvals. Pelican Bay Marina is conveniently located just minutes from historic downtown Gulfport and the waterfront, with easy access to grocery stores, restaurants, shopping, lodging, and dining.