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

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

More Information

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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