Tract 2 Lakewatch, Moneta, VA 24121

$790,000
Property Type: Land Lot Size (sq. ft.): 892,980 Status: Active
Current Price: $790,000 List Date: 8/25/2026 Last Modified: 11/04/2026

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

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.

More Information MLS# 930714

Contract Information

Current Price: $790,000 List Price: $790,000 List Date: 2026-08-25 Status: Active

General Property Description

Land Type: Land (Acreage) Land Sub-Type: Commercial Land Total Acreage: 20.5 Manufactured Allowed: No Water Class: N/A

Location Legal Taxes

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

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
Listing Office: DEB BERAN PROPERTIES
Last Updated: November - 04 - 2026
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