Listing Agency: Berkshire Hathaway HomeServices McLemore & Co., Realty

Listed By: CeCe Baker · License #MS LIC # S-56109

Source: Crexi

Added: Nov 19, 2021 Changed: Jul 10 Last Checked: Jul 30 at 12:14PM

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Investment Insights

Based on property information with market context.

Bay Springs Marina is located in New Site, Mississippi. The company leases 22 upland acres and 6 acres of submerged lands from the State. The current lease has 6 years remaining with strong assurance of renewal at the end of the term. The marina business operates on the leased premises, providing storage for vessels in 125 wet slips, including covered roofs and open docks. The property includes steel and concrete buildings, equipment, parts inventory, tools, and other personal property. A 50-Ton Travelift unit is present, enabling the hauling and launching of vessels for service, repairs, and surveys. The company utilizes office space, inventory rooms, undercover workspaces, and a mechanics shop. The marina has a loyal and affluent customer base with both large and small vessels. Convenient and abundant parking is available adjacent to the docks. The marina currently has 92 covered slips and 33 open slips. Reconstruction of the westernmost dock system is not likely due to damage from an ice storm in early 2021.

Key Highlights

• 125 Wet Slips: Offering immediate revenue potential.
• 50‑Ton Travelift: Enables hauling and launching vessels for various services.
• Lease with Renewal Assurance: Provides stability and long‑term business prospects.

Property Analytics

Property Profile

Current Use

Marinas

Suggested Use

Top Pick Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

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Demographics for 38859, MS

691

Population

368

Households

1.9

Avg Household Size

39

Median Age

6%

College-Educated

79%

High-School Grad

44.0 sq mi

ZIP Area

16

Density / Sq Mi

$65,980

Median Household Income

$36,667

Median Earnings

$133,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Marina - Marina with 125 wet slips on leased land.

Where is this marina located?

The property is located at 48 Co Rd 3495 New Site, MS.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: 125 Wet Slips: Offering immediate revenue potential.; 50‑Ton Travelift: Enables hauling and launching vessels for various services.; Lease with Renewal Assurance: Provides stability and long‑term business prospects.