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.
Documents
Asking Price
$4,300,000
