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451 Trout River Dr
Jacksonville, FL 32208
Asking Price
$1.79M
Asset Type
Marina Special-purpose
Class
Class B
What's Special
Unique Marina Redevelopment Opportunity with 1.25± Acre Submerged Land Lease <ul><li><strong>Rare Waterfront Redevelopment Opportunity</strong></li><li><strong>Conceptual 68-Slip Marina Opportunity</strong></li><li><strong>±0.89 Acres of Upland</strong></li><li><strong>±1.25 Acres Sovereignty Submerged Land Lease</strong></li><li><strong>±2.14 Acres Total Waterfront Opportunity</strong></li><li><strong>Direct Trout River Frontage with Access to the St. Johns River</strong></li><li><strong>Ideal for Marina, Boat Club, Waterfront Restaurant, or Mixed-Use Development
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NOI
$80,000
Cap Rate
4.46%
DSCR
0.75
Underwater
Cash-on-Cash
-4.93%
Monthly Payment
$8,880.681
Annual Cash Flow
$-26,568.167
