Catylist ID: #29819105
RIVER CITY HARBOR MARINA - BANK REO - HUGE UPSIDE
Special Purpose for Sale
|Catylist Listing ID:||29819105|
|Building Size (RSF):||18,400 SF|
|Gross Land Area:||11.48 Acres|
|Property Use Type:||Business|
Overview / Comments
**HUGE PRICE REDUCTION!!** The marina was conceived and started in 2005. Owner originally obtained a permit to construct and install 365 floating slips in February of 2005 from the Department of Marine Resources. In May 2005, he executed a 30 year lease with a 15 year renewal option on 3.1 acres of property on O' Leary Lake from Mississippi Export Railroad (shown in the attached Diagram as parcel 1). Original owner also purchased the island property in 2005 (shown as Parcel 3 on the attached diagram). Then in January of 2006 he purchased the property located at 5006 Morris St (shown as Parcel 2 in the attached diagram).
Parcel 1 - Leased Property
Parcel 1 has a 4800 sq ft metal building that is divided into three areas.
Office 896 sq ft, a Lounge of 1,468 sq ft, Warehouse 2,436 sq ft.
This parcel has approximately 1800 ft of waterfront on O' Leary Lake.
Parcel 2- Owned Property
Parcel 2 contains the brick and metal building facing Morris St. and a warehouse directly behind that building on 1.1 acres of land (shown on the attached diagram as Parcel 2).
Building 1 3,840 sq ft (last used as a restaurant)
Building 2 9,600 sq ft warehouse
Parcel 3 - Owned Property
Parcel 3 is 7.28 acres more or less including part of the two islands located north of Parcel 1.
Currently there are three piers in place:
750 ft main pier with 40 foot slips on one side and 30 foot slips on the other side; 300 ft pier running parallel to the shore line; 60 ft long fuel dock
There are 85 slips completed and 25 boats currently leasing.
|Tax ID/APN:||2-22-90-011.000, 2-02-24-110.030, 2-22-90-022.000|
|Property Located Between:||HWY 613 & RAILROAD ST.|
|Largest Nearby Street:||HWY 613|
|Total Number of Buildings:||3|
|Proximity:||1 mile||3 miles||5 miles|
Tim CarlsonSoutheast Commercial
Monte LuffeySoutheast Commercial of MS, LLC
|© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|