2200 Old Salem School Rd - Marinas FOR SALE


Union Hall, VA 24176
$4,300,000 USD
540-342-3560
2200 Old Salem School Rd, Union Hall, VA for Sale
$4,300,000 USD
Marinas - FOR SALE
1/61
null | Request Cap Rate

2200 Old Salem School Rd
Union Hall, VA 24176


HIGHLIGHTS

  • Established Marina & Restaurant
  • Open Year-round
  • Waterfrontage and Docks

OVERVIEW

Magnum Point Marina; anamazing 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.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$1,994 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Magnum Point Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

B2

APN/PARCEL ID

0520109300

ASK ABOUT THIS PROPERTY

Russell SeneffWoltz & Associates Inc.More Info
540-342-3560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Russell SeneffWoltz & Associates Inc.More Info
540-342-3560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.