For those who’ve wistfully thought of buying an island of their own, there’s an opportunity in the Sacramento-San Joaquin River Delta.

Tony Wood of KW Commercial is listing 9-acre Brannan Island, including a working marina, for the lender who took the property back in 2013.

“When they got it back, it was producing income, but it had a lot of issues,” Wood said, describing how the previous owner had run afoul of state and Sacramento County regulations.

To get the property on sound footing, Walnut Creek-based Owens Financial Group spent $1 million upgrading or replacing the boat lift, restrooms, bridge and other components of the property.

After another firm acquired Owens Financial earlier this year, the direction was to sell what remained of its foreclosed assets, including Brannan Island.

“Now they’re doing great, but there are a lot of different possibilities for upsides,” Wood said. The property breaks even now, but a new owner could work on leasing more of the 175-slip marina on the island, or could restart a camping and RV park on the island. Other property features include picnic grounds, a boat repair yard and showers and laundry facilities for the marina.

“It’s all in the zoning and permits, you just have to go to get the use permit,” he said.

KW Commercial is listing the property, at 1200 W. Brannan Island Road in Isleton, for $1.195 million. But the buyer would have to pay all cash, Wood said.

“The ideal buyer would be an owner-operator who’s worked on RV parks or marinas,” he said.

In addition to Brannan Island, Wood is listing Owens Financial’s other remaining foreclosed property. At 1098 Melody Lane in Roseville, the company owns a three-building office park with 90% occupancy. The listing is for $169 a square foot.