Franklin Street, a full-service commercial real estate firm, recently sold a two-story, 26,258-square-foot retail building in North Palm Beach that soon will be home to Palm Beach County’s first Nautical Ventures superstore. The site, which includes the building and nearly an acre of land, was purchased for $2.5 million or nearly $100 per square foot.
Nautical Ventures received 66 dry boat racks and 10 wet slips as part of its purchase. Many of those are leased out. The company is doing a major renovation of the showroom, which should be open to the public next month.
Dania Beach-based Nautical Ventures sells sailboats, kayaks, stan-up paddleboards, pedal boats, water skis and other water sports equipment and marine supplies.