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Bayou La Batre Alabama-HIgh and Dry Marina and Residential Waterfront Community. Owner seeking JV partner/Investor
Track A - 3.5 Acres with 510 feet of frontage on deep water tributary with direct access to Gulf of Mexico. Can build 480 five rack high boat storage facility. 400 inside, 80 outside. With 5 racks, building could store 500 boats. includes 12 wet slips. Includes plan for fueling, maintenance and associated marina services. No other HIgh and Drys within 20 miles. Best fishing area along the Gulf Coast.
Track B- 9.1 acres with 1070 linear feet on deep water tributary . Zoned R-3 allowing for 52 fish camp type single family units. Sold separately
Current capital contributions by Owner of $1.25M.
Feasibility study completed 2011 shows total project costs at $4.3M. Second year NOI $1,631,000. See attached Docs.
Owner wishes to remain in project and is seeking JV Partner.
Contact Cary McCord CCIM or James Barnett CCIM (Alabma Broker)
Cary K McCord, CCIM Murphy Commercial Realty, Inc. Vice President Clearwater, FL 33765-2636
727-488-8629 (business) firstname.lastname@example.org CCIM Profile
James A. Barnett, CCIM, CPM J.A. Barnett Realty Group, Inc. President www.jabarnettrealty.com email@example.com Office (813) 264-9800 13902 N Dale Mabry Highway Suite 106 Tampa, FL 33618 - Tenancy: Single Tenant
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