24-26 N. Causeway Drive, Fort Pierce, FL
Marina for Sale - $5,400,000 - 8.41 acres
Property Info
CIMLS# | 987214 |
Location 24-26 N. Causeway Drive Fort Pierce FL 34946 | |
Updated | December 21st, 2018 |
Type | Marina |
Price | $5,400,000 |
Land | 8.41 acres |
Property Description
Adjusted to Fit the Market! Reduced from $12,000,000. SVN has listed this Single Tenant, Income Producing, Spectacular Marina site located at the base of the N. Causeway Drive bridge, which connects the barrier island of North Hutchinson Island, to the City of Fort Pierce. A former project, known as Blue Harbour, was a concept designed in 2006 to include to include 145 condos and 42 deep water slips. The seawall was recently replaced, and the marina was dredged in 2012. This is a great opportunity for an investor or developer looking for a waterfront opportunity.
Located in an "Opportunity Zone", this program encourages private investment by providing tax incentives for investors/developers who invest in qualified businesses and properties in these areas.
Financials
$325,000 NOI
6.02% CAP