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Two-Story Lakefront Office Building
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1027 Waterwheel Dr, Moneta, VA 24121

Two-story office building on Smith Mountain Lake with ground-level access to each floor and a covered dock with four slips.

Property Size1,616 SF
Price / SF$723.70
Days on Market1096

Property Features for 1027 Waterwheel Dr

General Information

Standard status Active
Size 1,616 SF
Property subtype OFFICE
Listing Agency: Poe & Cronk Real Estate Group
Listed By: Stephen Pendergrass · License #0225210868
Source: Moodyscre
Added: Oct 27, 2023 Changed: Oct 26 Last Checked: Oct 24 at 4:55PM

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 Poe & Cronk Real Estate Group

Rey
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Investment Insights

Based on property information with market context.

1027 Waterwheel Drive offers a lakefront commercial property featuring a 3,232 SF two-story building with ground-level access on each of its two floors. The site includes 14 parking spots, and the property also has a boat dock with four covered dock slips.

Located on Smith Mountain Lake’s major commercial corridor just off Rt 122 at the Hales Ford Bridge, the property provides access to Bedford County and Franklin County and offers boat access to the main channel of Smith Mountain Lake. Views of Smith Mountain Lake and the surrounding mountains are part of the setting, with nearby grocery, retail, and restaurants.

The property’s zoning allows for a multitude of uses, including short-term rentals.

Key Highlights

  • 0.64‑acre lakefront commercial property on Smith Mountain Lake’s major commercial corridor
  • 3,232 SF two‑story building with ground‑level access to each of the two floors
  • Boat dock includes 4 covered dock slips

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Grocery & Convenience Store Bakery Hair Salon Storage Facility Spa & Massage Center Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Two-story office building on Smith Mountain Lake with ground-level access to each floor and a covered dock with four slips.
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: 0.64‑acre lakefront commercial property on Smith Mountain Lake’s major commercial corridor; 3,232 SF two‑story building with ground‑level access to each of the two floors; Boat dock includes 4 covered dock slips
(540) 855-3655 Call to check price and availability
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