Waterfront Marina on Lake Tarpon | 44 Slips | Hwy 19 Visibility
Business Description
Income-Producing Waterfront Marina with Value-Add Potential
Lake Tarpon Marina presents a rare opportunity to acquire a fee simple waterfront marina asset in the highly desirable Tampa Bay region. Located in Palm Harbor, Florida, the property sits directly on US Highway 19, benefiting from exceptional visibility and accessibility along one of the area’s primary commercial corridors.
The marina is situated on approximately 1.78 acres and includes 44 wet slips, a mix of tenant-occupied and owner-use slips, providing immediate income with operational flexibility. The property also features approximately 4,500+ square feet of improvements, including a marine service shop, office space, retail components, and covered work areas supporting ongoing operations.
The asset is fully operational with established revenue streams derived from slip rentals, marine services, and fuel sales. The presence of an on-site fuel system and repair infrastructure allows for continued or expanded service-based income, making it attractive to both investors and owner-operators.
Significant capital improvements totaling approximately $800,000+ have recently been completed, including seawall reinforcement, expanded parking, fencing, and building upgrades. These enhancements reduce near-term capital expenditure requirements while improving the overall functionality and appearance of the property.
Strategically located along US Highway 19 with approximately 258 feet of frontage and exposure to over 90,000 vehicles per day, the marina benefits from consistent traffic flow and strong market visibility. The surrounding area is characterized by established residential communities, retail centers, and marine-related businesses, supporting year-round boating demand.
Lake Tarpon itself is a well-known freshwater recreational destination in the Tampa Bay area, attracting boating, fishing, and water recreation enthusiasts. The marina’s positioning within this market provides a stable customer base and long-term demand drivers.
There is meaningful upside potential through operational optimization, including adjusting slip rates to market levels, converting owner-use slips into income-producing rentals, and expanding marine service offerings. The flexible Commercial Parkway zoning further allows for a range of marine and commercial uses, enhancing future redevelopment or repositioning opportunities.
This offering represents a unique chance to acquire a well-located, income-generating waterfront asset with both in-place cash flow and value-add potential in one of Florida’s most active boating markets.
The marina is situated on approximately 1.78 acres and includes 44 wet slips, a mix of tenant-occupied and owner-use slips, providing immediate income with operational flexibility. The property also features approximately 4,500+ square feet of improvements, including a marine service shop, office space, retail components, and covered work areas supporting ongoing operations.
The asset is fully operational with established revenue streams derived from slip rentals, marine services, and fuel sales. The presence of an on-site fuel system and repair infrastructure allows for continued or expanded service-based income, making it attractive to both investors and owner-operators.
Significant capital improvements totaling approximately $800,000+ have recently been completed, including seawall reinforcement, expanded parking, fencing, and building upgrades. These enhancements reduce near-term capital expenditure requirements while improving the overall functionality and appearance of the property.
Strategically located along US Highway 19 with approximately 258 feet of frontage and exposure to over 90,000 vehicles per day, the marina benefits from consistent traffic flow and strong market visibility. The surrounding area is characterized by established residential communities, retail centers, and marine-related businesses, supporting year-round boating demand.
Lake Tarpon itself is a well-known freshwater recreational destination in the Tampa Bay area, attracting boating, fishing, and water recreation enthusiasts. The marina’s positioning within this market provides a stable customer base and long-term demand drivers.
There is meaningful upside potential through operational optimization, including adjusting slip rates to market levels, converting owner-use slips into income-producing rentals, and expanding marine service offerings. The flexible Commercial Parkway zoning further allows for a range of marine and commercial uses, enhancing future redevelopment or repositioning opportunities.
This offering represents a unique chance to acquire a well-located, income-generating waterfront asset with both in-place cash flow and value-add potential in one of Florida’s most active boating markets.
About the Business
- Opportunities for Growth
- 1.78 acre waterfront site located within the Commercial Parkway District zoning, supporting marine, commercial, and service-oriented uses.
44 existing wet slips with a mix of tenant rental and owner use, creating immediate revenue continuity and operational flexibility.
Approximately 4,534 square feet of building improvements including marine service shop, office, parts retail, and covered work areas.
High visibility and access with approximately 258 feet of frontage along U.S. Highway 19, which carries an average annual daily traffic volume of approximately 93,000 vehicles.
Significant recent capital improvements of approximately $812,500 including seawall reinforcement, expanded parking capacity, fencing, and building upgrades.
Onsite marine fuel system and established repair infrastructure supporting continued or expanded service-based revenue.
Opportunity to increase income through slip rate alignment, conversion of owner-use slips to tenant occupancy, and growth.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
Listing Info
- ID
- 2491761
- Listing Views
Listing ID: 2491761 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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