188 Locust Ln
Penhook, VA 24137

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 2BR 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 a considerable upside potential to make this a high-income producer with a 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 and 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 the ability to park at least 6 boats. There is a covered floating dock on the 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