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    48 Co Rd New Site, MS 38859

    For Sale
    $2,950,000

    Profitable Marina, 125 Slips, MS

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional waterfront business opportunity, Bay Springs Marina, is situated in New Site, Mississippi, on 22 leased upland acres and 6 acres of submerged land. The current lease has six years remaining with a high likelihood of renewal. The marina boasts 125 wet slips, with 92 covered and 33 open, providing ample space for vessels of various sizes. A significant asset is the 50-Ton Travelift, facilitating vessel hauling and launching for service and repairs. The property includes substantial steel and concrete buildings encompassing office space, inventory rooms, covered workspaces, and a mechanics shop. The marina benefits from a loyal customer base and convenient, abundant parking. While an ice storm in early 2021 damaged a section of the westernmost dock system, rendering those slips unusable, the remaining infrastructure remains sound. The marina also offers a ships' store, gasoline and diesel fuel sales, and employs certified technicians. This turnkey operation presents a compelling investment opportunity in a thriving market. The sale includes all equipment, parts inventory, and tools currently on the premises.

    Property Features for 48 Co Rd

    General Information

    Property type
    Marinas

    HighLights

    • 22‑acre waterfront property.
    • 94 covered and 62 open wet slips.
    • 50‑ton Travellift available.
    • On‑site certified technicians provide service.
    • Gasoline and diesel fuel available.
    • Ships' store on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    New Site
    County
    Prentiss
    State
    Mississippi
    Longitude
    -88.342888
    Latitude
    34.5392432

    FAQs

    What type of property is this?
    Marina - Profitable Marina, 125 Slips, MS
    Where is this marina located?
    The property is located at 48 Co Rd New Site, MS.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: 22-acre waterfront property.; 94 covered and 62 open wet slips.; 50-ton Travellift available.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48 Co Rd New Site, MS 38859
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