47.5 Acres of Port of Port St. Joe

Special Purpose for Sale
Also listed as Vacant Land
Catylist Listing ID: 29893740
Property Subtypes: Truck Terminal/Transit Facility
Building Size (RSF): 5,314 SF
Gross Building Area: See Agent
Gross Land Area: 47.50 Acres
Sale Price: $8,950,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/4/2017

Overview / Comments

The subject property is an intermodal terminal located at Port St. Joe, FL capable of receiving, storing, reclaiming and loading many dry bulk commodities such as coal, petcoke, aggregate, asphalt, gypsum, etc. The terminal's direct rail and highway connections serve all of Florida, Alabama, Georgia and the eastern United States. The subject property's location on the Eastern Gulf lntracoastal Waterway promotes rates competitive with any similar facility.The subject property's 47.5 acres allow ample room for segregation of various dry bulk materials. Barge unloading equipment consists of two Sumitomo model RA-14 level luffing cranes rated at 1150 ton per hour each. Each crane has a 14 cubic yard bucket and is operated independently. The subject property is located on the Gulf County Canal at mile 333 East of Harvey Locks on the Gulf lntracoastal Waterway. Shifting and fleeting services are available through Townsend Marine Services. The subject property has approximately 47.5 acres with 1230' of Canal frontage (870' of bulkhead). The bulkhead is equipped with a barge hauling system consisting of winches at each end of the bulkhead. Design capacity of 9,000,000 tons per year
With numerous assets, the Port of Port St. Joe is poised for development and expansion.
It is one of 15 state-designated ports within the state of Florida and one of only three ports along North Florida' s Gulf Coast. With the expansion of the Panama Canal and the inception of Post-Panamax shipping, some non-competitive freight handling operations currently at larger ports are expected to shift to smaller ports, especially to those that have shorter ship-to-market routes. With a direct route north from the Panama Canal, the Port of Port St. Joe is a perfect candidate.

STRATEGIC LOCATION
- State-designated deepwater port in the sheltered waters of St. Joseph Bay.
- Federally approved navigational channel depths between 35 feet and 37 feet;
federally approved turning basin and harbor channel depths between 32 feet
and 35 feet.
- 1,900 linear feet of existing deepwater bulkhead with potential expansion to 5,500 linear feet.
- Offers direct access to the U.S. Gulf Intracoastal Waterway.
- Offers convenient rail and interstate access.
- One of only three state-designated ports along North Florida' s Gulf Coast.

Additional Details

Nearest MSA: Panama City
County: Gulf
Area Description: With numerous assets, the Port of Port St. Joe is poised for development and expansion. It is one of 15 state-designated ports within the state of Florida and one of only three ports along North Florida’s Gulf Coast. With the expansion of the Panama Canal and the inception of Post-Panamax shipping, some non-competitive freight handling operations currently at larger ports are expected to shift to smaller ports, especially to those that have shorter ship-to-market routes. With a direct route north from the Panama Canal, the Port of Port St. Joe is a perfect candidate. STRATEGIC LOCATION - State-designated deepwater port in the sheltered waters of St. Joseph Bay. - Federally approved navigational channel depths between 35 feet and 37 feet; federally approved turning basin and harbor channel depths between 32 feet and 35 feet. - 1,900 linear feet of existing deepwater bulkhead with potential expansion to 5,500 linear feet. - Offers direct access to the U.S. Gulf Intracoastal Waterway. - Offers convenient rail and interstate access. - One of only three state-designated ports along North Florida’s Gulf Coast. CONVENIENT ACCESS BY WATER - The Port offers barge access to inland rivers and waterways system (U.S. Gulf Intracoastal Waterway, channel 12’x125’). - The Gulf County Canal connects the Gulf of Mexico with the U.S. Gulf Intracoastal Waterway, which traverses the Gulf Coast of the United States. This navigable inland waterway runs approximately 1,050 miles from Carrabelle, Fla., to Brownsville, Texas, and provides access via the inland river system to locations as diverse as Chicago, Pittsburgh, Memphis, Tulsa and other cities. BY RAIL - AN Railway serves the Port and connects with the CSX Transportation Class I mainline. BY INTERSTATE AND AIR - Direct access to I-10 via SR-71. - Only 21 miles to Apalachicola Regional Airport via U.S. Highway 98. - 57 miles to the Northwest Florida Beaches International Airport in Panama City Beach.
Legal Description: S 25 & 36 T 7 R 11 47.501 AC M/L 4 PARCELS; 1768 FF ON US CANAL ORB 87/820 FR ST JOE LD & DEV, ALSO 150 FF ON US CANAL FR CITY IN ORB 88/550; ORB 87/1092 BEING 2.144 AC M/L FR CITY & ORB 148/434-436 FR GULF CO. FL ORB 306/151 CA FR ST JOE TIMBERLAND CO LLC ORB 306/154 FR MATERIAL TRANSFER INC MAP 49A

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,614 3,278
Median Age: 48.03 45.49
Households: 669 1,346

Contact

Photograph of Listing Agent

Brett Kaplan

OPTIMUS CREIA MFCRE Member
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