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Lakefront Resort Property with Dock
For Sale
$4,499,000

750 Penn Hall Rd, Union Hall, VA 24176

COMMERCIAL - Union Hall, VA

Property SizeContact for details
Lot Size26.15 Acres
Days on Market153

Property Features for 750 Penn Hall Rd

General Information

Property type Commercial Sale
Property subtype Other
Zoning A1 See Remarks
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 7, Bathroom 8, Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 6
View Lake
Directions From Old Franklin Turnpike (Route 40), Turn Left on Kemp Ford Road, Right on Dillards Hill Road, Right on Penn Hall Road. Property is on the Right.
Subdivision 0490 - SML Franklin County
Standard status Active
APN 051 00-020 02
Lot size 26.15 Acres

Taxes and HOA fees

Tax Description Wilson Craig R Jr Angela
Tax Annual Amount 9150
Legal Description Wilson Craig R Jr Angela

Utilities

Heating system Heat Pump (Heating), Electric (Heating)
Cooling system Electric, Heat Pump
Water front features Waterfront
Water front 1

Building Details

Year built 1940
Floors in Building 2
Flooring type Vinyl, Tile, Wood
Building materials Brick, Vinyl Siding, Wood Siding
Roof type Shingle
Listing Agency: RE/MAX LAKEFRONT REALTY INC · RE/MAX International
Listed By: CRAIG R WILSON
Added: Mar 5 Changed: Aug 4 Last Checked: Aug 5 at 1:06AM
MLS# 925166

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Milan Manor is a lakefront resort property centered on a historic mansion built in 1940, with full 2025 renovation completed on site. The setting is described as 26.15 acres of contiguous private lakefront with 658 feet of shoreline. The property has an owner-secured special use permit allowing it to operate as a resort.

The site is zoned A1 (see remarks). Plans included blueprints and site/engineering materials for a wedding barn, clubhouse, and 40 two-bedroom, two-bath villas. A permitted dock program is partially completed, with contractor-guaranteed placement in line for summer 2026 completion. Dock plans include a 4-slip 34x54 dock with storage and an uncovered 30x30 dock.

Key Highlights

  • 26.15 acres of contiguous private lakefront
  • 658 feet of shoreline
  • A1 zoning (see remarks)

Property Analytics

Current Use

Milan at Wateredge Hotel & Motel Pennhall Training Center

Suggested Use

Top Pick Gym & Fitness Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 24176, VA

1,527
Population
1,140
Households
1.3
Avg Household Size
59
Median Age
52%
College-Educated
95%
High-School Grad
22.0 sq mi
ZIP Area
69
Density / Sq Mi
$95,197
Median Household Income
$47,125
Median Earnings
$1,326
Median Rent
$592,000
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Resort - Historic lakefront resort property with a recently renovated mansion and permitted dock facilities under A1 zoning.
Where is this resort located?
The property is located at 750 Penn Hall Rd Union Hall, VA.
What is the asking price?
The asking price for this property is $4,499,000.
What are key features of this property?
This property features: 26.15 acres of contiguous private lakefront; 658 feet of shoreline; A1 zoning (see remarks)
More about this property
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