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Property profile & analytics
OFF-MARKET
Specialty properties

48 Co Rd New Site, MS 38859

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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