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Drastic Price Reduction

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

In addition to fuel docks, other docks include:
South boathouse: 14 covered slips with lifts plus cabin cruiser space with electricity – outside of boathouse.
North boathouse: 12 covered slips – 10 with lifts, 2 without lifts.
North floating finger docks: 10 slips with ability to park 13 boats plus PWCs.
South floating finger docks: 6 slips with ability to park 9 boats plus PWCs.
South – back of cove: 5 floaters – can handle 10± boats
“Eagles Nest” boathouse with lift.
West side in front of 4 efficiency hotel units there are 3 floating docks with ability to park at least 6 boats. There is a covered floating dock on southern end  of west side with one slip (beside fire/rescue boathouse).
East side in front of 3 efficiency units and 2 BR rental home there are two floating docks, one with center slip, plus additional poles to tie up at least 5 or 6 boats.

There are 43± dry dock boat slips.

Acreage: 25.94± Acres
Parcel ID: 1563-53-1260, 1563-63-0309, 1563-63-0408, 1563-52-2941, 1563-53-3617, 1563-53-3917, 1563-53-4051 and 1563-52-5816
On-site Parking: 100 spaces
Length of Waterfront: 1,343± feet

Directions

From Penhook take 40 E. Turn Left on Old Mountain Road. Follow 1.5 miles and turn Left on Smith Mountain Road. Go 2.4 miles, turn Right on Locust Lane and property is on your Right. 188 Locust LN, Penhook, VA 24137

By water: Property is located between R6 and R8 on the opposite side of lake – back of cove to left of Vista Pointe Condos

Sale held in conjunction with Thom Hubard, Poe & Cronk Real Estate Group

 

Documents

Asking Price

$2,100,000

Agent: Boyd Temple, REALTOR (540) 797-3646 (mobile) boyd@woltz.com