Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Bar & Pub Restaurant
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Marketing & Advertising IT Consulting Firm
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Resort
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Restaurant
Location
Value estimations
Owner & transaction history
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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