SMITH MOUNTAIN LAKE | 1 Sawyer Properties, Inc. Part of the CBRE affiliate network SMITH MOUNTAIN LAKE LAND PORTFOLIO VA HIGHWAY 122 VA HIGHWAY 122 ROANOKE, VA 39 MINUTES | 24.3 MILES ROCKY MOUNT, VA 28 MINUTES | 19.8 MILES Sawyer Properties, Inc. Part of the CBRE affiliate network
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SMITH MOUNTAIN LAKE - LoopNet · of Smith Mountain Lake, a 20,600-acre reservior stretching through Franklin, Bedford and Pittsylvania counties. With an estimated population of 20,000
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SMITH MOUNTAIN LAKE | 1SawyerProperties, Inc.Part of the CBRE affiliate network
SMITH MOUNTAIN LAKELAND PORTFOLIO
VA HIGHWAY 122
VA HIGHWAY 122ROANOKE, VA39 MINUTES | 24.3 MILES
ROCKY MOUNT, VA28 MINUTES | 19.8 MILES
SawyerProperties, Inc.Part of the CBRE affiliate network
SMITH MOUNTAIN LAKE | 2 SawyerProperties, Inc.Part of the CBRE affiliate network
Affiliated Business Disclosure
CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.
Confidentiality Agreement
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CB Richard Ellis - Raleigh LLC. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CB Richard Ellis - Raleigh LLC, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CB Richard Ellis - Raleigh LLC. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CB Richard Ellis - Raleigh LLC.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CB Richard Ellis - Raleigh LLC.
SMITH MOUNTAIN LAKE | 3SawyerProperties, Inc.Part of the CBRE affiliate network
SMITH MOUNTAIN LAKELAND PORTFOLIO
Highlights
CBRE|Raleigh and Sawyer Properties, Inc. are pleased to present the Smith Mountain Lake land portfolio including five potential development opportunities located along VA Highway 122 in Moneta, Virginia. All properties include a highly desirable commercial mixed use zoning designation and breathtaking views of Smith Mountain Lake, a 20,600-acre reservior stretching through Franklin, Bedford and Pittsylvania counties.
With an estimated population of 20,000 permanent residents and tens of thousands of tourists and vacationers each year, the Smith Mountain Lake land portfolio provides a selection of development opportunities for all individuals including retirees, families looking to buy their primary or secondary homes, and visitors looking for vacation rentals or hotels.
OFFERINGProperty Acreage Zoning Sale Price
BRIDGEWATER POINTE110 BRIDGEWATER POINTE PLACEMONETA, VA 24121(Franklin County)
±1.49 Acres Planned Commercial District $1,750,000
BRIDGEWATER GRANDEWILD TURKEY RUNMONETA, VA 24121(Franklin County)
±30.07 Acres Planned Commercial District $6,000,000
WESTLAKE VILLAGE CENTERHIGHWAY 122MONETA, VA 24121(Franklin County)
±57.54 Acres Planned Commercial District $1,799,500
VA HIGHWAY 122/MONETA ROAD0 MONETA ROADMONETA, VA 24121(Bedford County)
±3.27 Acres Planned Commercial District $1,300,000
VA HIGHWAY 122/MONETA ROAD0 MONETA ROADMONETA, VA 24121(Bedford County)
±9.30 Acres Planned Commercial District $1,050,000
Total ±101.67 Acres $11,899,500
*Properties can be purchased together or separately
SMITH MOUNTAIN LAKE | 4 SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
BRIDGEWATER POINTE110 BRIDGEWATER POINTE PLACE
VA HIGHWAY 122
Part of the CBRE affiliate network
SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
BRIDGEWATER POINTE110 BRIDGEWATER POINTE PLACE
Property BRIDGEWATER POINTE110 BRIDGEWATER POINTE PLACEMONETA, VA 24121(Franklin County)
Acreage ±1.49 Acres
Zoning Planned Commercial District
Permitted Uses Apartments/Condominiums, Short-Term Tourist Rentals, Hotels, Resorts, Offices, Retail Services, Professional Services, Restaurants, Community Center, Marinas, etc. For more information on permitted uses, click here
Maximum Height 70’
Water Frontage ±650 linear feet
Improvements Existing condominium pad located on top of constructed structured parking. Pad-ready to build an additional 48 condominium units as Phase II of the Bridgewater Pointe Condominiums. Adjacent two-story parking garage with allocated parking spaces to accommodate the existing condominium units, retail spaces and new development on this site. Existing 36 day boat slips available. Potential to share amenities with existing development
Site Amenities Outdoor swimming pool (including changing rooms and restrooms), outdoor pavilion, boardwalk and 90 total day boat slips
Access & Shared Parking Easement
Click here
Utilities Municipal water and sewer available. For more information, click here
Parcel ID 0150005700 & 0150005701B
Existing Adjacent Parking Garage Tax Allocation
1/2 Lower level parking garage land1/2 Lower level parking garage improvements1/4 Upper level parking garage land1/4 Upper level parking garage improvementsFor more information click here
Phase I Built in 200648 units (mix of 3 & 4 bedrooms)Range in size between 1,685 - 2,294 sq. ft.Average pricing: $359,000 - $488,400
SMITH MOUNTAIN LAKE | 6 SawyerProperties, Inc.Part of the CBRE affiliate network
BRIDGEWATER POINTE PROPERTY SURVEY
SMITH MOUNTAIN LAKE | 7SawyerProperties, Inc.Part of the CBRE affiliate network
BRIDGEWATER POINTE FUTURE ROAD IMPROVEMENTS
SMITH MOUNTAIN LAKE | 8 SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
BRIDGEWATER GRANDEWILD TURKEY RUN
VA HIGHWAY 122
Part of the CBRE affiliate network
SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
BRIDGEWATER GRANDEWILD TURKEY RUN
Property BRIDGEWATER GRANDEWILD TURKEY RUNMONETA, VA 24121(Franklin County)
Acreage ±30.07 Acres
Zoning Planned Commercial District
Permitted Uses Apartments/Condominiums, Short-Term Tourist Rentals, Hotels, Resorts, Offices, Retail Services, Professional Services, Restaurants, Community Center, Marinas, Single Family Residential etc. For more information on permitted uses, click here
Maximum Height 70’
Water Frontage ±6,000 linear feet
Improvements Existing single family residence, barn and two boat docks
Utilities Municipal water and sewer available. For more information, click here
Preliminary Approval Layout #1
Two 4-story condo buildings: 12 units/floorThree 3-story condo buildings: 18 units/floorForty-three 1,500 sq. ft. residential cottagesOne 90 room hotel with conference centerOne 8,000 sq. ft. waterfront restaurantOne 5,500 sq. ft. welcome centerOne 1,800 sq. ft. fitness/wellness centerEighty-eight boat slips508 surface, garage and deck parking spaces
Preliminary Approval Layout #2
One 4-story condo building: 8 units/floorOne 4-story condo building: 6 units/floorOne 3-story condo building: 8 units/floorTwelve 3,600 - 4,000 sq. ft. townhomesFour 4,500 - 6,000 sq. ft. single family homesOne 4,000 sq. ft. restaurantSix 2,600 sq. ft. retail buildingsOne 2-story 6,400 sq. ft. office building1,800 sq. ft. swim & racquet clubResident playgroundResident beach area
Parcel ID 0150005601, 0150005602, 0150005603, 0150005604 & 0150005711
SMITH MOUNTAIN LAKE | 10 SawyerProperties, Inc.Part of the CBRE affiliate network
BRIDGEWATER GRANDE PRELIMINARY LAYOUT #1
SMITH MOUNTAIN LAKE | 11SawyerProperties, Inc.Part of the CBRE affiliate network
BRIDGEWATER GRANDE PRELIMINARY LAYOUT #2
SMITH MOUNTAIN LAKE | 12 SawyerProperties, Inc.Part of the CBRE affiliate network
BRIDGEWATER GRANDE PROPERTY SURVEY
SMITH MOUNTAIN LAKE | 13SawyerProperties, Inc.Part of the CBRE affiliate network
BRIDGEWATER GRANDE FUTURE ROAD IMPROVEMENTS
SMITH MOUNTAIN LAKE | 14 SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
WESTLAKE VILLAGE CENTERHIGHWAY 122VA HIGHWAY 122
Part of the CBRE affiliate network
WESTLA
KE RO
AD
SCRU
GG
S RO
AD
SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
WESTLAKE VILLAGE CENTERHIGHWAY 122 Property WESTLAKE VILLAGE CENTER
HIGHWAY 122MONETA, VA 24121(Franklin County)
Acreage ±57.54 Acres
Zoning Planned Commercial District; To view the zoning letter, click here
Zoning Overlay Westlake Overlay District
Permitted Uses Apartments/Condominiums, Short-Term Tourist Rentals, Hotels, Resorts, Offices, Retail Services, Professional Services, Restaurants, Community Center, Single Family Residential etc. For more information on permitted uses, click here
Maximum Height 70’
Parking 10' x 20'/Space; 1 Space/300 GSF
Utilities Western Virginia Water Authority sewer and water lines to the edge of property line
Preliminary Layout #1
Retail Complex - ±87,700 sq. ft.Medical Complex - ±47,600 sq. ft.Office Complex - ±44,900 sq. ft.Independent Living - 63 Units (±11 acres)Townhomes - 116 Units (±18 acres)
Property is located adjacent to Westlake Towne Center, a ±122,889 sq. ft. shopping center including tenants such as Kroger, Westlake Cinema, Wendy's, Subway and Sweet Frog
SMITH MOUNTAIN LAKE | 16 SawyerProperties, Inc.Part of the CBRE affiliate network
WESTLAKE VILLAGE CENTER PRELIMINARY LAYOUT #1
RETAIL
OFFICEMEDICALOFFICE
INDEPENDENTLIVING
TOWNHOMES
SMITH MOUNTAIN LAKE | 17SawyerProperties, Inc.Part of the CBRE affiliate network
WESTLAKE VILLAGE CENTER PRELIMINARY LAYOUT #2
RETAIL
OFFICE
TOWNHOMES
SMITH MOUNTAIN LAKE | 18 SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.Part of the CBRE affiliate network
VA HIGHWAY 1220 MONETA ROAD
VA HIGHWAY 122
SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
VA HIGHWAY 1220 MONETA ROAD
Property VA HIGHWAY 122/MONETA ROAD0 MONETA ROADMONETA, VA 24121(Bedford County)
Acreage ±3.27 Acres
Zoning Planned Commercial District
Permitted Uses Hotel, Marina, Restaurant, Retail Services, Office/Medical Office, Day Care, Car Wash, Community Dock or Recreation, Residential Development (Up to 30%), etc. For more information on permitted uses, click here
SMITH MOUNTAIN LAKE | 20 SawyerProperties, Inc.Part of the CBRE affiliate network
VA HIGHWAY 122/MONETA ROAD PROPERTY SURVEY
SMITH MOUNTAIN LAKE | 21SawyerProperties, Inc.Part of the CBRE affiliate network
SMITH MOUNTAIN LAKE | 22 SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
VA HIGHWAY 1220 MONETA ROAD
VA HIGHWAY 122
Part of the CBRE affiliate network
SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
VA HIGHWAY 1220 MONETA ROAD
Property VA HIGHWAY 122/MONETA ROAD0 MONETA ROADMONETA, VA 24121(Bedford County)
Acreage ±9.30 Acres
Zoning Planned Commercial District
Permitted Uses Hotel, Marina, Restaurant, Retail Services, Office/Medical Office, Day Care, Car Wash, Community Dock or Recreation, Residential Development (Up to 30%), etc. For more information on permitted uses, click here
SMITH MOUNTAIN LAKE | 24 SawyerProperties, Inc.Part of the CBRE affiliate network
VA HIGHWAY 122/MONETA ROAD PROPERTY SURVEY
SMITH MOUNTAIN LAKE | 25SawyerProperties, Inc.Part of the CBRE affiliate network
SMITH MOUNTAIN LAKE | 26 SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
LOCATIONOVERVIEW
Part of the CBRE affiliate network
SMITH MOUNTAIN LAKE | 27SawyerProperties, Inc.Part of the CBRE affiliate network
SawyerProperties, Inc.
LOCATIONOVERVIEW
New York, NY
Chicago, IL
1.75 HOURS
11.5 HOURS
22 HOURS
6 HOURS
42 HOURS
69 HOURS
Los Angeles, CA
Raleigh, NC
Dallas, TX
2.75 HOURS
17 HOURS
49.5 HOURS
5.5 HOURS
36 HOURS
65 HOURS
1.5 HOURS
7.5 HOURS
9 HOURS
35 MINUTE DRIVETO THE APPALACHIAN
MOUNTAINS
4 HOUR DRIVE TO THE VA BEACHES
15 MINUTE BOAT RIDE TO SMITH MOUNTAIN LAKE
STATE PARK
0.75 HOUR
2.75 HOURS
10 HOURS
SMITH MOUNTAIN LAKE NATIONALLYDue to its scenic mountainous landscape, mild climate and rural feel, Smith Mountain Lake is a major destination for visitors from all over the United States. Whether they are looking to purchase a second home on the East Coast, fishing in Cabela’s Big Bass Tour or just enjoying their summer by the lake, Smith Mountain Lake provides the amenities, relaxation and convenience that individuals and families enjoy.
Seattle, WA
500 miles
SMITH MOUNTAIN LAKE | 28 SawyerProperties, Inc.Part of the CBRE affiliate network