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Listed by Brian Merrion Brian A. Merrion, Broker
$ 1,600,000
Est. payment | /mo
25,379 SqFt
$ 1,600,000
Est. payment | /mo
25,379 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 25,379 sqft
Price per Sqft $63
MLS Listing ID 426150864
HOA Y/N No
Year Built 1995
Lot Size 3.980 Acres
Acres 3.98
Property Sub-Type Mixed Use
New Construction No
Property Description
The property has historically operated under absentee ownership with a stable, long-tenured slip tenant base many tenants have occupied their slips for more than 10 years with consistent on-time payment history. Each slip is individually metered for electricity, with tenants responsible for their own usage, minimizing owner-side utility exposure. At the current asking price, the in-place income reflects an estimated 7.4% cap rate inclusive of property taxes and insurance, offering a hands-on owner-operator or marina investor a stabilized entry point with clear upside through active management, slip-rate increases to market, and ancillary income growth. INVESTMENT HIGHLIGHTS Rare waterfront find a large-boat, covered harbor-marina asset directly adjacent to Bethel Harbor; first-time offering. Estate sale priced well below appraised value, creating an unusual basis for a Delta waterfront asset of this scale. 25 covered slips across three size classes (40', 46', 50') accommodate a range of vessel sizes and tenant demand. Diversified in-place income: boat slips, 3-bedroom residence, and garage rental, each metered/managed separately. Long-tenured, stable tenant base many slip tenants of 10+ years with strong pay history reduces lease-up risk for a new owner.
Location
State CA
County Contra Costa
Area Bethel Island/Byron/Knigh
Zoning Waterfront / Marina Use - buyer to verify
Interior
Fireplace No
Building
Lot Description See Remarks
New Construction No
Others
Tax ID 0290100114
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