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2200 Old Salem School Rd - Magnum Point Marina 2,268 SF Specialty Building Offered at $4,300,000 in Union Hall, VA 24176
INVESTMENT HIGHLIGHTS
- Established Marina & Restaurant
- Waterfrontage and Docks
- Open Year-round
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $4,300,000 | Building Class | B |
| Price Per SF | $1,895.94 | Lot Size | 2.34 AC |
| Sale Type | Investment or Owner User | Building Size | 2,268 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1993 |
| Property Subtype | Marina | ||
| Zoning | B2 | ||
| Price | $4,300,000 |
| Price Per SF | $1,895.94 |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 2.34 AC |
| Building Size | 2,268 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Zoning | B2 |
AMENITIES
- Signage
- Waterfront
- Air Conditioning
ABOUT 2200 OLD SALEM SCHOOL RD , UNION HALL, VA 24176
Magnum Point Marina; anamazing marina on Smith Mountain Lake. Located at B 37 on the Blackwater River arm of SML. Come live the dream as an owner-operator or investor. There are only so many marinas at SML & here is your chance to own this well-known gem. Restaurant, fuel docks, 38 covered boat slips with lifts, day docks for dining, & a boat ramp for launching. The full-service marina is open year round & is well-known & respected. 700± feet of shoreline, 3,000gal fuel capacity. See attached sheet in Documents section on upgrades & repairs made. Owners have decided it's time to focus on another project & are offering this jewel to new ownership. To all patrons, nothing is changing other than the property is for sale. Come enjoy the quality food & beverage you have grown accustomed to and make sure to watch out for the wonderful entertainment throughout the Summer. Generating over $1.3 million in business each year over the last 3yrs. P&L and financials available to qualified buyers with an NDA. Taxes, SF, and waterfrontage estimated by LA. Buyer & Buyer's agent to verify all information.
PROPERTY TAXES
| Parcel Number | 0520109300 | Improvements Assessment | $857,500 |
| Land Assessment | $468,400 | Total Assessment | $1,325,900 |
PROPERTY TAXES
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2200 Old Salem School Rd - Magnum Point Marina
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