2200 Old Salem School RD, Union Hall, VA 24176
$4,300,000
Property Type:
Commercial
Lot Size (sq. ft.):
101,930
Status:
Active
Current Price:
$4,300,000
List Date:
3/14/2025
Last Modified:
10/15/2025
Description
Magnum Point Marina; amazing 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
Supplements: 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.
More Information MLS# 915209
General Property Description
Construction Status: Completed
Total Acreage: 2.34
Flood Area: No
Gross Lot SqFt: 102017
On site Parking: Yes
Basement Y/N: No
Water Class: Waterfront Property
Water ID: Smith Mtn Lake
Gross Building SqFt: 2268
Length of Waterfront: 700
Lease Available: No
Year Built: 1993
Location, Tax & Legal
Major Area: 04 - Franklin County
Tax ID: 0520109300
Annual Taxes: 5833.96
Zoning Code: B2
Area: 0490 - SML Franklin County
Street Number: 2200
Street Name: Old Salem School
Street Suffix: RD
State/Province: VA
Zip Code: 24176
Municipality: Franklin County
Remarks & Misc
Directions: From Route 40 just west of Union Hall, VA, turn North on Old Salem School Rd. proceed to end of Old Salem at the Lake on the Right.
Limited Service
Not Limited Service: 1
Construction
Vinyl: 1
Commercial Type
Retail: 1
Business Type
Type of Business (Historical Field): Marina & Restaurant
Sale Includes
Building & Land: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Water Description
Private Water: 1
Documents Available
Survey: 1
Topo/Aerial Map: 1
Sewer Description
Private Septic: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Roof System
Metal: 1
Shingle: 1
Internet Access
DSL: 1
Floors
Concrete: 1
Wood: 1
Boat Dock Desc
A-Roof: 1
Boat Hoist: 1
Floater: 1
Water Features
Cove: 1
Point: 1
Riprap Shoreline: 1
Other Water Details
Nbr of Covered Slips: 38
Contract Information
Current Price: $4,300,000
List Price: $4,300,000
List Date: 2025-03-14
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Retail
Sale Includes: Building & Land
Construction: Vinyl
Roof System: Metal; Shingle
Heating: Heat Pump
Cooling: Heat Pump
Floors: Concrete; Wood
Manufactured Homes: No HUD Tag
Water Description: Private Water
Sewer Description: Private Septic
Water Heater Type: Tank
Water Heater Energy: Electric
Internet Access: DSL
Documents Available: Survey; Topo/Aerial Map
Boat Dock Desc: A-Roof; Boat Hoist; Floater
Water Features: Cove; Point; Riprap Shoreline
Listing Office: WOLTZ & ASSOCIATES
Last Updated: October - 15 - 2025
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.