36 Island Pointe Ln Moneta, VA 24121
This exceptional 0.55-acre commercial lot is situated in the highly sought-after Island Pointe subdivision at Smith Mountain Lake in Moneta, Virginia. The property, identified by APN 0481003900, is mostly wooded and presents a fantastic opportunity for development, surrounded by upscale residences. The lot is conveniently located at Lot 36 Island Pointe Ln, 24121, offering easy access to the lake's amenities and the vibrant community. Island Pointe boasts a desirable array of community features, including a clubhouse, well-maintained walking trails, a refreshing swimming pool, and tennis courts for residents' enjoyment. Prospective buyers should note that the installation of a septic system will be the responsibility of the purchaser. The annual Property Owners Association (POA) dues are $1250, paid in two installments of $625 on January 1st and July 1st. This prime location and the existing infrastructure make this a truly remarkable opportunity for commercial development at Smith Mountain Lake. The asking price for this exceptional property is $29,900.
Cap rate
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