48 Co Rd New Site, MS 38859
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miSimilar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.