1027 Waterwheel DrMoneta, VA 24121

Property Details for 1027 Waterwheel Dr

Year built

1985

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

1,456 SF

Property type

Other commercial real estate

APN

232 6 1

APU

23261

Description

This exceptional mixed-use property, located at 1027 Waterwheel Dr, Moneta, VA 24121, presents a unique investment opportunity. The 3,200 square foot, two-story building sits on a 0.64-acre lot and is currently vacant. Boasting a prime location on Smith Mountain Lake's major commercial corridor, just off Rt 122, the property offers convenient access to Bedford and Franklin Counties. The building features ground-level access to both floors and includes a valuable boat dock with four covered slips. With 14 parking spaces (4.6 per 1,000 square feet), the property is zoned PCD, allowing for a variety of uses, including short-term rentals. The asking price is $1,250,000, translating to $390.62 per square foot. Enjoy stunning lake and mountain views, along with proximity to local amenities such as grocery stores, retail shops, and restaurants. This property offers significant potential for a variety of commercial ventures. The APN is 232 6 1.

• Alternative Use

  Use

  Valuation

  Residential

  $182,841

  Hospitality

  $167,482

  Educational

  $139,343

  Medical

  $144,135

  Retail

  $216,755

Location Insight

City

Moneta

County

Bedford

State

Virginia

Latitude

37.1485

Longitude

-79.662

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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