Crystal Shores Marina is a successful, absentee owned and operated, marina business with income derived primarily from boat storage and 3rd party commercial tenants. The marina’s wet and dry boat storage can be expanded. Adjacent vacant acreage can be utilized for an RV park development, bringing great synergy to the marina in feeding demand for expansion of the boat storage component. Slips and Racks occupancy has been over 95% historically.
Real Estate Salesperson (license# 0225235015), Brooks Real Estate
4071 Ironbound Road | Williamsburg, VA 23188
There is plenty of excess land and water with zoning that will allow for the following upside:
This is by far the most unique property in Smith Mountain Lake because of the combination of large vacant land (both zoned R-2 and PCD under the same owner) and approximately 6,500 square feet of shoreline classified as high-density commercial. The entire portion of the property that is waterfront is zoned PCD, which is very rare. The table above from the AEP’s Shoreline Management Plan shows less than 5% of the lake’s shoreline is classified as high-density commercial. In fact, a large portion of the commercial shoreline at the Hales Ford Bridge area is currently used as single-family homes, which further diminishes the amount of commercial shoreline available for development.