48 County Road 3495 - Bay Springs Marina 7,000 SF Specialty Building Offered at $4,845,750 CAD at a 6.74% Cap Rate in New Site, MS 38859

Proudly Listed by CeCe Baker of Berkshire Hathaway Home Services | McLemore & Co. Realty, in cooperation with National Marina Sales of Keller Williams Realty Services.
Welcome to Bay Springs Marina, located in New Site, Mississippi. The Company leases 22 upland acres and 6 acres of submerged lands from the State. There are 6 years remaining on the current lease and strong assurance that it will be renewed at the end of the term. The marina business operates on the leased premises where vessels are stored in 125 wet slips under covered roofs or on open docks. Steel and concrete buildings, equipment, parts inventory, tools and other personal property are situated on or about the leased premises.
A 50-Ton Travelift unit which is also personal property of the marina operator is on the property which provides the ability to haul and launch vessels for service, repairs, surveys and so on. The company utilizes office space, inventory rooms, undercover workspaces, a mechanics shop and more. A loyal and affluent customer base with large and small vessels calls the marine home. Convenient and abundant parking is available immediately adjacent to the docks. A friendly and committed crew stands ready to provide superior customer service. An ice storm in early 2021 collapsed a roof over the westernmost dock system and reconstruction of the those docks is not likely. The remaining 125 slips are comprised of 92 that are covered and 33 that are open.
For more information about this or any other Marina for sale, please contact CeCe or Rick.