188 Locust LN, Penhook, VA 24137
$1,400,000
Property Type:
Commercial
Lot Size (sq. ft.):
1,129,946
Status:
Closed
Current Price:
$1,400,000
List Date:
4/15/2019
Last Modified:
9/23/2024
Overview
Description
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.
Listing Details MLS# 858085
Location, Tax & Legal
- Area
- 1690 - SML Pittsylvania County
- Street Number
- 188
- Street Name
- Locust
- Street Suffix
- LN
- State/Province
- VA
- Zip Code
- 24137
- Municipality
- Pittsylvania County
- Major Area
- 16 - Pittsylvania County
- Tax ID
- 1563-53-1260
- Annual Taxes
- 2710
General Property Description
- Construction Status
- Completed
- Total Acreage
- 25.94
- Flood Area
- Yes
- On site Parking
- Yes
- Parking Spaces
- 100
- Lease Available
- No
- Water Class
- Waterfront Property
- Water ID
- Smith Mtn Lake
- Length of Waterfront
- 1343
Status Change Info
- Ratified Contract Dt
- 2020-04-02
- Sold Date
- 2020-05-19
Business Type
- Type of Business (Historical Field)
- Marina and Lodge
Remarks & Misc
- 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.
More Information
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
- Metal Siding
- Yes
- Vinyl
- Yes
- Wood
- Yes
Commercial Type
- Land Only
- Yes
- Office
- Yes
- Retail
- Yes
Views
- Lake
- Yes
- Mountain(s)
- Yes
Sale Includes
- Building & Land
- Yes
- Additional LND Avail
- Yes
Water Description
- Private Water
- Yes
Documents Available
- Survey
- Yes
- Topo/Aerial Map
- Yes
Sewer Description
- Private Septic
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Internet Access
- Cable
- Yes
Boat Dock Desc
- A-Roof
- Yes
Water Features
- Cove
- Yes
Topography
- Slope
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Land Only; Office; Retail
Sale Includes:
Building & Land; Additional LND Avail
Construction:
Brick; Metal Siding; Vinyl; Wood
Manufactured Homes:
No HUD Tag
Water Description:
Private Water
Sewer Description:
Private Septic
Water Heater Type:
Tank
Water Heater Energy:
Electric
Internet Access:
Cable
Documents Available:
Survey; Topo/Aerial Map
Topography:
Slope
Views:
Lake; Mountain(s)
Boat Dock Desc:
A-Roof
Water Features:
Cove
Listing Office:
WOLTZ & ASSOCIATES
Last Updated: September - 23 - 2024
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