2152 Boat Yard RdMoore Haven, FL 33471

Property Details for 2152 Boat Yard Rd

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.00 AC

Property size (Sq ft)

2,221 SF

Property type

Office buildings

APN

A29-42-31-A00-005F-0000

APU

A294231A00005F0000

Description

This exceptional 13-acre business opportunity, Glades Boat Storage, Inc., is located in Moore Haven, Florida (33471), at 2152 Boat Yard Rd, Glades County. The property, built in 1990, features a two-story, 10,303 square foot building with 281 units and offers a 6.00% cap rate. The asking price is $10,500,000, representing $1,019.12 per square foot and $37,366.55 per unit. This established business boasts a unique selling proposition as Florida's only Do-It-Yourself Work Area, catering to a community of boaters. Situated on the Okeechobee Waterway (St. Mi. 89), it benefits from a "hurricane-proof" location with locks mitigating water surge. The facility includes a 50-ton lift and offers inland, fresh-water storage with no tides. The property's geographical coordinates are Latitude: 26° 47' 22.1489" and Longitude: -81° 14' 28.4975". Road access is via Highway 80, 12 miles east of Labelle. Turn north on Horseshoe Acres onto Palomino Drive and follow signs north to the river. This turnkey operation presents a compelling investment opportunity in a thriving market. The property's APN is A29-42-31-A00-005F-0000 | A29-42-31-A00-005G-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $682,798

  6.5%

  $630,275

  7%

  $585,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,838

  Geo Method

  $617,838

• Alternative Use

  Use

  Valuation

  Residential

  $781,541

  Hospitality

  $715,887

  Educational

  $595,610

  Medical

  $616,094

  Retail

  $926,504

Location Insight

City

Moore Haven

County

Glades

State

Florida

Latitude

26.7891

Longitude

-81.241

Property Tax & Assessments

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