5625 Smith Mountain Rd Penhook, VA 24137

This one-of-a-kind lakefront investment property in Penhook, VA, features a luxury campground with approximately 41 acres and 3,750 feet of waterfront. The property includes 129 mobile home/camper sites, each equipped with water and septic hookups. Tenants are responsible for their electric bills. All campsites are grandfathered in, and a permit for the park is in place. The property is also suitable for a new subdivision development, offering wide water views from each lot. All docks are grandfathered in. Additional amenities include off-water boat storage rentals under a covered shelter, a swimming area, a covered pavilion for picnics, Wi-Fi, a boat ramp, and walking and golf cart trails. The campground also features a pump-out station and bathhouse. There are 4 wells and 20 septic tanks on the property, with the tanks pumped annually. Also included are a doublewide used as one office, a singlewide used as a second office, and a third singlewide used as a tool storage building. During warmer months, boat church services are held on the lakefront. Water tests are conducted quarterly. There is a cemetery located on the property. The seller mows the cemetery but it is used by the Ferguson family. One of the day docks can be used all day and has spaces for 4 different boats. There are 62 docks (56 docks are owned by the tenants and the owner owns 6 docks). The day docks can be used for just for one hour at a time. GIS data indicates the property size as both 39.57 acres and 41 acres; the seller is selling the property as 41 acres +/-. The property, mobile homes, and docks are sold As-Is.