32 Acre Water Front Marina

Special Purpose for Sale
Also listed as Multi-Family
Catylist Listing ID: 29998317
Property Subtypes: Marina
Building Size (RSF): 1,393,920 SF
Gross Building Area: See Agent
Gross Land Area: 32 Acres
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 479,160 SF
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Ideally located Marina ready for future multi-use development in Orleans Parish across from Fort Pike. This is an active Marina with income streams from slip leases, RV pad leases, shipyard, live bait shop, gas/disel service, and more.

Entire lease-hold and improvements for sale. 32 acres leased in perpetuity from State of Louisiana with over 2.3 million of improvements. The 2800 sf house on the property was built circa 1980 and survived Katrina.

Improvements include: 1400 sf Bulkhead, 14 20'x40' open slips, 12 20'x50' covered slips, 2 apartments 800sf and 400sf, 3 10'x50' RV Pads with 30 and 50 amp service, 80,000 lb Travel Lift, 90,000 sf road and parking infrastructure, 40' Boat launch, 4000 gal Gas and 8000 gal Diesel service, 80'x40' Live well facility, 2800 house with 4 bed and 2 bath, 2600+/- sf covered Marina office and paved facility, 20 ton ice container, 3 septic tanks, 600 amp service in 12 slip shed, 800 amp service in main Marina area,

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Northshore / N.O. East
Property Located Between: Southwest side of the Rigolets Bridge on Hwy 90
Property Visibility: Excellent
Largest Nearby Street: Highway 90
Feet of Frontage: 625
Highway Access: Immediate access to Highway 90, 1.38 miles to Highway 433, 7.6 miles to I-10, 11.8 miles to I-12
Airports: New Orleans International
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Excellent
Roof Type: Folded Plate
Exterior Description: Multiple building types. The home is timber, the marina facilities are storage containers 8'x40' with 9' heights. The Marina office and paved area is covered by a tin roof.
Parking Type: Surface
Parking Description: 90,000 sf of designated parking area
Water Service: Municipal
Sewer Type: Septic
Land Ownership: State owned property
Legal Description: Section 19, T 10 S-R 15 E

Demographic Statistics

Proximity: 5 miles
Total Population: 10,173
Median Age: 44.23
Households: 4,435

Contact

Photograph of Listing Agent

Bradley Cook

Stirling Properties
Covington, LA
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