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    2200 Old Salem School Rd Union Hall, VA 24176

    For Sale
    $4,300,000

    Retail - Union Hall, VA

    Type:Retail
    Lot size:
    2.34 Acres
    Days on Market:
    225
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 2200 Old Salem School Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Lot size
    2.34 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Flooring type
    Concrete, Wood
    Roof type
    Metal, Shingle
    Architectural style
    Other

    Woltz & Associates, Inc. (540) 342-3560 [email protected]

    Listing agent JAMES SENEFF (540) 342-3560

    Listing date Apr 25, 2025

    MLS# 915209 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Smith Mountain Lake Marina Opportunity

    This is an amazing marina on Smith Mountain Lake, located at B 37 on the Blackwater River arm of SML. This full-service marina is open year-round and is well-known and respected. It features a restaurant, fuel docks, 38 covered boat slips with lifts, day docks for dining, and a boat ramp for launching. The marina has 700+/- feet of shoreline and a 3,000-gallon fuel capacity. The property is situated on a 2.34-acre lot. It is an opportunity for an owner-operator or investor to own this well-known gem. The current owners have decided to focus on another project and are offering this property to new ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Magnum Point Marina ... Restaurant Clint's Striper Guide ... Fishing Charter Patriot Fishing Charters Fishing Charter Freedom Fishing Charters Fishing Charter

    Suggested Use

    Realty agency Gym & Fitness Department Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union Hall
    County
    Franklin
    State
    Virginia
    Longitude
    -79.7218116
    Latitude
    37.0211968

    FAQs

    What type of property is this?
    Marina - Well-known marina with restaurant, fuel docks, and covered boat slips.
    Where is this marina located?
    The property is located at 2200 Old Salem School Rd Union Hall, VA.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: - Prime marina location on Smith Mountain Lake (SML) at B 37 on the Blackwater River arm; - Full-service, year-round operation with established reputation; - 38 covered boat slips with lifts, plus day docks and boat ramp
    (540) 342-3560
    Request Owner's contact information
    2200 Old Salem School Rd Union Hall, VA 24176
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    Union Hall, VA 24176
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2200 Old Salem School Rd Union Hall, VA 24176
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