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Prime Property - Busiest Parts of the Marina

SMDL is a full service marina w/ boat launch, Grill/restaurant/snack bar, fuel, covered & uncovered rental boat slips, in addition to 7 efficiency rental units w/ kitchens & a 2BR single family rental home. There are also 2 more single family homes on-site, currently used by mgmt and the on-site boat rental operator. The property has room to grow and offers the possibility to place 50 cabins on-site or a 78 space RV park in the former mobile home park, now vacant, with well/water and septic/sewer infrastructure in-place. This prime property is located near one of the busiest parts of SML, between SM Dam and Vista Point. Now bank owned, there is huge upside potential to make this a high income producer w/ vision for the future and on-site mgmt. Motivated Seller. Price Reduced.

From elevation to risk assessment

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Directions

From Penhook: 40 E Left on Old Mtn Rd. 1.5 mi & L on Smith Mountain Road. Go 2.4 mi R on Locust Lane and property is on your R. Property is located between R6 and R8 on the opposite side of lake.

Contact Seller
Woltz & Associates, Inc

Roanoke, VA

(540) 269-4615

Provided By

Woltz & Associates, Inc, (540) 269-4615
Source: MLS# 858085
Listing last updated: February 5, 2022 at 6:44 PM
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