Lakefront Office
For Sale
$1,169,500
1027 Waterwheel Dr, Moneta, VA 24121
Two-story building with ground-level access on both floors and a private dock with four covered slips on the lake’s corridor.
Property Size1,616 SF
Lot Size0.64 Acres
Price / SF$361.85
Days on Market94
Property Features for 1027 Waterwheel Dr
General Information
Standard status
Active
Size
1,616 SF
Class
B
Total Parking Spaces
14
Lot size
0.64 Acres
Property subtype
Office
Building Details
Building Size
1,616 SF
Year Built
1985
Stories
2
Listed By:
Stephen Pendergrass, SIOR, CCIM
(540) 520-3085
Source:
Poecronk
Added: Jun 2
Changed: Aug 14
Last Checked: Sep 2 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stephen Pendergrass, SIOR, CCIM
Investment Insights
Based on property information with market context.
1027 Waterwheel Drive presents a lakefront, two-story commercial building designed for practical access and flexible operations. The property includes 3,232 SF of space with ground-level entry on each of its two floors, which can support a range of tenant layouts or internal use strategies. Parking is available for 14 vehicles, helping serve employees, guests, and customers. A standout feature is the attached boat dock with four covered dock slips, adding meaningful utility to a commercial lake setting.
The building sits on Smith Mountain Lake’s major commercial corridor, positioned for visibility and convenient access associated with that traffic pattern. The property is lakefront and offers a cohesive setup for businesses that benefit from both water access and shoreline proximity. Zoning also allows a multitude of uses, including short-term rentals, which broadens potential buyer or operator interest.
With ground-level access to both floors, this asset can appeal to buyers seeking adaptable space for office-oriented uses or hospitality-style programs supported by the zoning. The dock amenity further supports concepts that rely on direct lake access, making it a compelling option for investors and operators evaluating a commercial lake property with tangible, on-site value.
The building sits on Smith Mountain Lake’s major commercial corridor, positioned for visibility and convenient access associated with that traffic pattern. The property is lakefront and offers a cohesive setup for businesses that benefit from both water access and shoreline proximity. Zoning also allows a multitude of uses, including short-term rentals, which broadens potential buyer or operator interest.
With ground-level access to both floors, this asset can appeal to buyers seeking adaptable space for office-oriented uses or hospitality-style programs supported by the zoning. The dock amenity further supports concepts that rely on direct lake access, making it a compelling option for investors and operators evaluating a commercial lake property with tangible, on-site value.
Key Highlights
- Lakefront 0.64‑acre property on Smith Mountain Lake’s major commercial corridor
- 3,232 SF two‑story building built in 1985
- Boat dock with 4 covered dock slips included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 24121, VA
10,537
Population
7,407
Households
1.4
Avg Household Size
56
Median Age
33%
College-Educated
93%
High-School Grad
91.8 sq mi
ZIP Area
115
Density / Sq Mi
$88,024
Median Household Income
$46,663
Median Earnings
$1,227
Median Rent
$353,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story building with ground-level access on both floors and a private dock with four covered slips on the lake’s corridor.
Where is this office building located?
The property is located at 1027 Waterwheel Dr Moneta, VA.
What is the asking price?
The asking price for this property is $1,169,500.
What are key features of this property?
This property features: Lakefront 0.64‑acre property on Smith Mountain Lake’s major commercial corridor; 3,232 SF two‑story building built in 1985; Boat dock with 4 covered dock slips included
