Marina For Sale - Sitka Alaska

Sitka, AK (Sitka County)

Marina For Sale - Sitka Alaska

Asking Price:$1,450,000

Cash Flow:N/A

Gross Revenue:$130,000

EBITDA:$86,000

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:N/A

Marina For Sale - Sitka Alaska

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Business Description

Marina For Sale - Sitka Alaska - 60 boat slips

The Cove Marina consists of 60 slips of varying sizes, 3 float sheds and 1 residence/lounge. The floats are constructed of PVC and Styrofoam material with treated lumber decking, steel connectors and an aluminum ramp. Real property consists of ~1,722 SF of upland property with an additional Army Corp permitted expansion for 25 parking spaces.

The Cove Marina generates approximately $130,000 per year in rents with $45,000 in operating expenses for a net operating income of $86,000. Replacement cost of the 10,198 SF of floating dock, piling, steel breakwater and ramps would total $1,780,820.

Marina is fully rented with waiting list.

Detailed Information

Real Estate:
Owned
Building Sq. Ft.:
N/A
Growth & Expansion:
Sitka Alaska is one of the most beautiful and culturally rich locations in all the world. It has one of the most healthy and vibrant fisheries in with world. Primary industries are commercial fishing, sports fishing and tourism.

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Travis Vaughan

Business Listed By:
Travis Vaughan

Baranof Realty LLC

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