5-Bedroom Property for sale in La Palmera, San Carlos, Costa Rica

Banana Bay Marina, located in Golfito, Puntarenas, Costa Rica, has been operational for over 20 years. Since 2013, the marina has undergone renovations and expansions, culminating in the completion of the formal marina licensing process. It is now a fully licensed marina and one of only five in Costa Rica authorized to issue 2-year cruising permits. The marina includes a licensed diesel fuel station, five hotel rooms, a restaurant, and various apartments and offices. There are plans for a second phase of expansion to add an additional 40 slips in the approved concession area.

The marina has demonstrated reliable profitability. The owner has recently leased the restaurant to a third-party operator to streamline operations and reduce overhead costs. The next phase of dock expansion is planned for the future. The owners are willing to sell the marina and the adjacent parcel, which is beneficial for future expansion, for $3.2 million. This price is significantly lower than expectations for other marinas on the Pacific coast of Costa Rica, whether licensed or unlicensed. The current owner is in the process of liquidating their assets in Costa Rica. The purchase price includes approximately $2,600,000 allocated to the real property and $600,000 for the business and its future expansion.

Banana Bay Marina offers reliable positive cash flow, a marina license in good standing with a fuel pier, and the capability to provide 2-year cruising permits. The extensive concession area allows for potential dockage expansion, and the marina enjoys name recognition and an excellent reputation. The operating marina business consists of marina slip leasing, hotel rooms, office, storage, and retail leasing, a restaurant, a fuel business, and concierge services. The location is waterfront.