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Waterfront Land with Deep Water Access
For Sale
$399,000

1502 Magruder Road, Smithfield, VA 23430

LAND - Smithfield, VA

Property SizeContact for details
Lot Size0.65 Acres
Days on Market56

Property Features for 1502 Magruder Road

General Information

Property type Land
Property subtype Other
Zoning TOWN
Subdivision GRIMESLAND
Elementary school Westside Elementary
Middle school Other Middle School
Standard status Active
Lot size 0.65 Acres

Taxes and HOA fees

Tax Annual Amount 4257

Utilities

Water front 1
Listing Agency: Keller Williams Capital Props. · Keller Williams Realty
Listed By: Anna Paduhovich
Added: Jun 18 Changed: Aug 12 Last Checked: Aug 12 at 7:06PM
MLS# 10639834

Copyright © 2026 Real Estate Information Network, Inc. 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.

This waterfront land offering features deep water access to the James River. The property includes an existing in-ground pool described as grandfathered in, along with a waterfront deck and pier that may be repaired and reinstalled. Following a fire in October 2025, the original foundation and layout remain intact, offering an existing structural footprint to utilize or build upon. The property is being sold as-is, and access is restricted without permission.

Located in Smithfield in Isle of Wight County, the site is described as minutes from Smithfield Station, dining, and boutique shopping. The zoning is listed as TOWN.

With waterfront improvements already in place and an existing foundation footprint, this parcel is positioned for a buyer seeking a waterfront build-ready starting point within the constraints of an as-is sale.

Key Highlights

  • Waterfront lot at 1502 Magruder with deep water access to the James River
  • Original foundation and layout remain intact after a fire in October 2025
  • In‑ground pool is grandfathered in and ready for repair

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Hair Salon

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

246
Businesses Nearby

Demographics for 23430, VA

18,232
Population
7,961
Households
2.3
Avg Household Size
47
Median Age
32%
College-Educated
93%
High-School Grad
104.1 sq mi
ZIP Area
175
Density / Sq Mi
$103,580
Median Household Income
$53,070
Median Earnings
$1,162
Median Rent
$347,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Residential waterfront lot with deep water access to the James River, an in-ground pool, and a deck and pier.
Where is this waterfront land located?
The property is located at 1502 Magruder Road Smithfield, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Waterfront lot at 1502 Magruder with deep water access to the James River; Original foundation and layout remain intact after a fire in October 2025; In‑ground pool is grandfathered in and ready for repair
More about this property
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