Established Marine Business Opportunity

2618 W Main St, Gun Barrel City, TX 75156

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For Sale

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Turnkey boat and marina business for sale in Gun Barrel City.

Type:Retail, Industrial, Mixed Use

Property size:

3,200 SF

Lot size:

1.16 Acres

Price / SF:

$242/SF

HighLights

Turnkey business opportunity: Sale includes established Jerry's Fiberglass and Marine business, inventory, and equipment.
Prime location: High visibility on W Main St with over 19,000 vehicles passing daily.
Exclusive provider of select marine sporting equipment in Gun Barrel City.
Proximity to Cedar Creek Reservoir: Convenient access for boating and outdoor enthusiasts.
Dual zoning: 1.162 acres with commercial zoning on W Main St and residential zoning on Loon Bay Dr, allowing for flexible use.
Benefit from an established customer base.

We can help!

Listing Contact

Ray Ver Hey

For Sale

Contact for pricing

Turnkey boat and marina business for sale in Gun Barrel City.

Type:Retail, Industrial, Mixed Use

Property size:

3,200 SF

Lot size:

1.16 Acres

Price / SF:

$242/SF

Added:: Nov 1, 2023
Days on Market:: 951
Last Refresh:: May 12 at 9:59 pm

Property Features for 2618 W Main St

General Information

Standard status: Active
Size: 3,200 SF
Lot size: 1.16 Acres
Property subtype: Retail, Industrial, Mixed Use

Building Details

Year Built: 1980

We can help!

Listing Contact

Ray Ver Hey

Listing agent Ray Ver Hey License #TX 498681

Listing office Staples Commercial Group, LLC

Listing date Nov 1, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Staples Commercial Group, LLC

HighLights

Turnkey business opportunity: Sale includes established Jerry's Fiberglass and Marine business, inventory, and equipment.
Prime location: High visibility on W Main St with over 19,000 vehicles passing daily.
Exclusive provider of select marine sporting equipment in Gun Barrel City.
Proximity to Cedar Creek Reservoir: Convenient access for boating and outdoor enthusiasts.
Dual zoning: 1.162 acres with commercial zoning on W Main St and residential zoning on Loon Bay Dr, allowing for flexible use.
Benefit from an established customer base.

Overview

Located in Gun Barrel City, Jerry's Fiberglass and Marine is a boat and marina store situated approximately one mile from the Wal-Mart retail hub and within a half-mile of Cedar Creek Reservoir. This turnkey opportunity includes the business, inventory, and equipment, with a few exclusions such as a tractor, brush hog, and certain tools. The business has a substantial customer base and is the exclusive provider of select marine sporting equipment in Gun Barrel City. The property benefits from high visibility, with over 19,000 vehicles passing by daily on W Main St. The 1.162-acre property has a mix of commercial and residential zoning. Three lots facing W Main St are zoned for commercial use, while the four lots along Loon Bay Dr have residential zoning, allowing for various potential uses, including erecting a privacy fence and utilizing the residential zoning for storage. The property's proximity to Cedar Creek Reservoir enhances its appeal for boating and outdoor enthusiasts, making it an ideal location for marine-related businesses.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$64.1k	$20.04
− Vacancy	−$1.4k	−$0.44
EGI	$62.7k	$19.60
− OpEx	−$18.8k	−$5.88
NOI	$43.9k	$13.72

3,200 SF · lease $20.04/SF/yr · vacancy 2.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$627.2K

$548.8K – $731.7K (±1% cap)

NOI $43,902 @ 7.0% cap · market cap 5.66%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.13M

$985.0K – $1.31M (±1% cap)

NOI $78,797 @ 7.0% cap · market cap 10.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Jerry's Fiberglass & Marine (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Gun Barrel City
County: Henderson
State: Texas
Longitude: -96.157504
Latitude: 32.331076

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What type of property is this?

Storefront property - Turnkey boat and marina business for sale in Gun Barrel City.

Where is this storefront property located?

The property is located at 2618 W Main St Gun Barrel City, TX.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Turnkey business opportunity: Sale includes established Jerry's Fiberglass and Marine business, inventory, and equipment.; Prime location: High visibility on W Main St with over 19,000 vehicles passing daily.; Exclusive provider of select marine sporting equipment in Gun Barrel City.