Interior
- Bathrooms
- 0
Active · CommercialSale
$5,500,000
631 Northlake Boulevard, North Palm Beach, FL 33408
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1962
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
This is an exceptional investment opportunity with a prime waterfront marina and retail shop., providing direct access to the Intracoastal Waterway and the Atlantic Ocean in North Palm Beach. This well-maintained, owner operated marina has been operated for over 63 years and features fuel dock, 13 boat slips, five slips have 20,000-pound lifts and eight wet slips. Also included is a thriving bait-and-tackle shop, which complements the marina, catering to freshwater and saltwater fishing enthusiast. Known for its custom rods and reels, a diverse selection of live and frozen bait, tackle, clothing, snacks, and beverages.
Property location
Get Directions631 Northlake Boulevard, North Palm Beach, FL 33408
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Facts & features
Exterior & Structure
- Property type
- CommercialSale
- Year built
- 1962
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- R11028912
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$10,764
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $26,073/mo
- Down payment
- $1,375,000
- Loan amount
- $4,125,000
- Annual NOI
- $183,700
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.