Catylist ID:
#29893740
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 |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/16/2023 |
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 |
| Tax ID/APN: | 04269-002R |
| 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 |
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