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    3619 Airport Rd Moneta, VA 24121

    Sponsored
    For Sale
    $3,500,000

    Profitable turnkey marina on Smith Mountain Lake.

    Property size:
    98,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional waterfront business opportunity encompasses a thriving marina and two established restaurants on Smith Mountain Lake, Virginia. The property boasts 98,000 square feet situated on over 2.25 acres with 600 feet of prime waterfront. The main building houses Beacon Seafood Pub, a full commercial kitchen, a large office, and a studio apartment. Upstairs, an unfinished area offers expansive lake views and significant development potential. A second restaurant and bar, Portside Bar & Grill, provides additional revenue streams, offering patrons lake views. Included in the sale is the Virginia Dare, a 63-foot, 19th-century replica side-wheeler cruise boat, capable of accommodating up to 115 passengers for public and private charters. The marina features 50 slips, a newly developed beach bar, and a brand-new 24/7 fuel system. Ample parking and storage are also available. Built in 2020, this turnkey operation has shown significant growth and offers substantial potential for increased revenue and expansion. This presents a rare opportunity for an owner-operator or a hands-off investment. The asking price is $3,500,000. The property is located at 3619 Airport Rd, Moneta, VA 24121.

    Property Features for 3619 Airport Rd

    General Information

    Property type
    Marinas
    Square Feet
    98,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2020

    HighLights

    • Thriving waterfront business opportunity on Smith Mountain Lake, VA, encompassing a marina and two restaurants.
    • 98,000 SF building on over 2.25 acres with 600' of waterfront.
    • Includes Beacon Seafood Pub, Portside Bar & Grill, and a 63‑foot cruise boat (Virginia Dare).
    • 50‑slip marina with a new beach bar and 24/7 fuel system.
    • Turnkey operation with significant growth potential; asking price $3,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

    Restaurant Realty agency Hotel & Motel Bed & Breakfast Seafood Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moneta
    County
    Bedford
    State
    Virginia
    Longitude
    -79.6123528
    Latitude
    37.1015279

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    FAQs

    What type of property is this?
    Marina - Profitable turnkey marina on Smith Mountain Lake.
    Where is this marina located?
    The property is located at 3619 Airport Rd Moneta, VA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Thriving waterfront business opportunity on Smith Mountain Lake, VA, encompassing a marina and two restaurants.; 98,000 SF building on over 2.25 acres with 600' of waterfront.; Includes Beacon Seafood Pub, Portside Bar & Grill, and a 63-foot cruise boat (Virginia Dare).
    Request Owner's contact information
    3619 Airport Rd Moneta, VA 24121
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    Moneta, VA 24121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3619 Airport Rd Moneta, VA 24121
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