Magnum Point Marina; amazing marina on Smith Mountain Lake. Located at B 37 on the Blackwater River arm of SML. Come live the dream as an owner-operator or investor. There are only so many marinas at SML & here is your chance to own this well-known gem. Restaurant, fuel docks, 38 covered boat slips with lifts, day docks for dining, & a boat ramp for launching. The full service marina is open year round & is well-known & respected. 700± feet of shoreline, 3,000gal fuel capacity. See attached sheet in Documents section on upgrades & repairs made. Owners have decided it’s time to focus on another project & are offering this jewel to new ownership. To all patrons, nothing is changing other than the property is for sale. Come enjoy the quality food & beverage you have grown accustomed to and make sure to watch out for the wonderful entertainment throughout the Summer. Generating over $1.3 million in business each year over the last 3yrs.
Type of Business: Marina & Restaurant
Year Built: 1993
Total Acreage: 2.34
Zoning Code: B2
Tax ID: 0520109300
Annual Taxes: $5,833.96
Water ID: Smith Mtn Lake
Water Class: Waterfront Property
Gross Building SF: 2,268±
Gross Lot SF: 102,017±
Length of Waterfront: 700±
Directions:
From Route 40 just west of Union Hall, VA, turn North on Old Salem School Rd. proceed to end of Old Salem at the Lake on the Right.