Versatile Lakefront Commercial Building | 1027 Waterwheel Dr
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Versatile Lakefront Commercial Building 1027 Waterwheel Dr
1,616 SF Office Building Moneta, VA 24121 $1,250,000 ($774/SF)
Investment Highlights
- Property Would Make a Fantastic Short Term Rental.
- Four Covered Boat Slips.
- Ideal for Residential or Commercial.
- Excellent Location on Smith Mountain Lake.
Executive Summary
1027 Waterwheel Drive offers an opportunity to own a lakefront property on Smith Mountain Lake's major commercial corridor. The property measures 0.64 acres with a 3,232 SF two story building. 1027 Waterwheel includes a boat dock with 4 covered dock slips – a significant value-add for a commercial lake property. The building features ground level access on each of its two floors with 14 parking spots (4.6/1,000). The property's zoning allows for a multitude of uses including short-term rentals.
The property’s location, just off Rt 122 Booker T Washington/Moneta Rd at the Hales Ford Bridge, allows access to Bedford County and Franklin County, as well as boat access to the main channel of Smith Mountain Lake. Nearby amenities include views of Smith Mountain Lake, the surrounding mountains, as well as nearby grocery, retail, and restaurants.
The property’s location, just off Rt 122 Booker T Washington/Moneta Rd at the Hales Ford Bridge, allows access to Bedford County and Franklin County, as well as boat access to the main channel of Smith Mountain Lake. Nearby amenities include views of Smith Mountain Lake, the surrounding mountains, as well as nearby grocery, retail, and restaurants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,616 SF
Building Class
C
Year Built
1985
Price
$1,250,000
Price Per SF
$774
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
808 SF
Building FAR
0.06
Lot Size
0.64 AC
Zoning
PCD - Planned Commercial Development
Parking
8 Spaces (4.95 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Waterfront
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PROPERTY TAXES
| Parcel Number | 23212800 | Improvements Assessment | $343,100 |
| Land Assessment | $320,000 | Total Assessment | $663,100 |
PROPERTY TAXES
Parcel Number
23212800
Land Assessment
$320,000
Improvements Assessment
$343,100
Total Assessment
$663,100
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Versatile Lakefront Commercial Building | 1027 Waterwheel Dr
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