2200 Old Salem School Rd Union Hall, VA 24176
Estimated payment $23,094/month
Highlights
- Marina
- Docks
- Waterfront
- Boat Ramp
About This Lot
Magnum Point Marina; This is an 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 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 Details
Property Type
- Land
Est. Annual Taxes
- $5,701
Lot Details
- Waterfront
- Current uses include commercial
- Potential uses include commercial
Utilities
- Well
- Septic Tank
Community Details
- Boat Ramp
- Marina
- Docks
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,701 | $1,325,900 | $468,400 | $857,500 |
| 2023 | $6,964 | $1,141,600 | $468,400 | $673,200 |
| 2022 | $6,964 | $1,141,600 | $468,400 | $673,200 |
| 2021 | $6,964 | $1,141,600 | $468,400 | $673,200 |
| 2020 | $6,933 | $1,136,600 | $468,400 | $668,200 |
| 2019 | $7,210 | $1,181,900 | $527,000 | $654,900 |
| 2018 | $7,137 | $1,170,000 | $527,000 | $643,000 |
| 2017 | $6,409 | $1,048,100 | $409,900 | $638,200 |
| 2016 | $6,409 | $1,048,100 | $409,900 | $638,200 |
| 2015 | $5,660 | $1,048,100 | $409,900 | $638,200 |
| 2014 | $5,660 | $1,048,100 | $409,900 | $638,200 |
| 2013 | $5,660 | $1,048,100 | $409,900 | $638,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | For Sale | $4,300,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,050,000 | Fidelity National Title Insu |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,150,000 | Credit Line Revolving |
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