$790,000
Moneta, VA 24121
MLS# 930714
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Property Description
This tract is truly a rare commercial opportunity along Booker T. Washington Highway (VA 122), situated in the heart of Lakewatch Plantation--Smith Mountain Lake's most sought-after mixed-use community. The 20.495 acres offer exceptional visibility with approximately .32 miles of frontage along the region's primary corridor. Nearby VDOT measured segments on VA 122 consistently show strong daily traffic volumes, reinforcing the strategic value of this location for commercial development. The groundwork is already in place: public water and septic are available, and the property sits within both the Westlake Overlay District and the Westlake/Halesford Village Plan. These designations create a development friendly environment ideal for commercial, retail, professional, and lifestyle-oriented. This community currently has a bank, YMCA, retail center, Bojangles, lakefront homes, off water homes and patio homes
Details
General Property Description
Land Type: Land (Acreage)
Land Sub-Type: Commercial Land
Total Acreage: 20.5
Manufactured Allowed: No
Water Class: N/A
Location, Tax & Legal
Major Area: 04 - Franklin County
Phase: 0
Lot: Tract 2
Block: 0
Tax ID: 015 16-002 00
Annual Taxes: 2800
Section: 0
POA Y/N: No
Area: 0490 - SML Franklin County
Street Number: Tract 2
Street Name: Lakewatch
State/Province: VA
Zip Code: 24121
Subdivision: Lakewatch Plantation
Municipality: Franklin County
Elementary School: Dudley
Middle School: Ben Franklin Middle
High School: Franklin County
Remarks & Misc
Public Remarks: This tract is truly a rare commercial opportunity along Booker T. Washington Highway (VA 122), situated in the heart of Lakewatch Plantation--Smith Mountain Lake's most sought-after mixed-use community. The 20.495 acres offer exceptional visibility with approximately .32 miles of frontage along the region's primary corridor. Nearby VDOT measured segments on VA 122 consistently show strong daily traffic volumes, reinforcing the strategic value of this location for commercial development.
The groundwork is already in place: public water and septic are available, and the property sits within both the Westlake Overlay District and the Westlake/Halesford Village Plan. These designations create a development friendly environment ideal for commercial, retail, professional, and lifestyle-oriented. This community currently has a bank, YMCA, retail center, Bojangles, lakefront homes, off water homes and patio homes
Directions: From Hales Ford Bridge - 122 North -R Lakewatch Drive. Located on the left across from Bojangles.
Signs to be installed 8-27-26
Limited Service
Not Limited Service: 1
Land Description
Gentle Sloping: 1
Level: 1
Water Description
Other - See Remarks: 1
Documents Available
Survey: 1
Sewer Description
Other - See Remarks: 1
Electric Description
Other - See Remarks: 1
Contract Information
Current Price: $790,000
List Price: $790,000
List Date: 2026-08-25
Status: Active
Property Features
Limited Service: Not Limited Service
Land Description: Gentle Sloping; Level
Documents Available: Survey
Electric Description: Other - See Remarks
Water Description: Other - See Remarks
Sewer Description: Other - See Remarks
Supplements
These designations create a development friendly environment ideal for commercial, retail, professional, and lifestyle-oriented uses.
Lakewatch Plantation continues to grow as one of Smith Mountain Lake's premier destinations, home to a full retail center, YMCA, bank, Bojangles, pond, and a blend of waterfront homes, off water residences, and patio homes. This tract places a future owner or developer directly within that momentum--offering maximum exposure, accessibility, and long term value.
Listing Office: DEB BERAN PROPERTIES
Last Updated: August - 25 - 2026
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