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Executive Summary

Jake's Place presents a rare opportunity to acquire one of Smith Mountain Lake's most recognizable waterfront destinations. Located just moments from Hales Ford Bridge in Moneta, Virginia, this established restaurant and entertainment venue has successfully served locals and visitors since 2012.
The property features approximately 5,758 SF, seating for more than 230 guests, 20 boat slips, 77 parking spaces, public water and sewer service, extensive owned equipment, and a modern transferable Toast POS system. The business benefits from multiple income streams including restaurant operations, bar sales, and retail/gift shop revenue.
Approximately 100 campsites are located directly behind the property, creating additional customer traffic and future opportunities for expanded retail, convenience items, ice cream, or other complementary offerings. Upper-level spaces provide additional flexibility for office, event, or retail use.
The property also features well-maintained HVAC systems, tankless water heaters, a glycol beer system with capacity for up to 24 taps, and a private commercial boat ramp.
Conveniently located within a half-day drive of Roanoke, Richmond, Northern Virginia, Washington DC, Raleigh, Charlotte, and Knoxville, Jake's Place offers a unique opportunity for an owner-operator, investor, restaurant group, or hospitality entrepreneur seeking a turnkey waterfront business at Smith Mountain Lake.
Opportunities to acquire established waterfront restaurants of this scale and reputation are exceptionally rare.
Waterfront Restaurant
Smith Mountain Lake
Near Hales Ford Bridge
Seating for 230+ Guests
20 Boat Slips
77 Parking Spaces
Public Water & Sewer
Extensive Owned Equipment
Transferable Toast POS
Multiple Revenue Streams
Upper-Level Expansion Space
Approximately 100 Campsites Nearby
Turnkey Owner/User Opportunity
Restaurant & Bar
Investment Opportunity

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,948 SF
Building Class
C
Year Built/Renovated
1985/2010
Price
$3,610,111 CAD
Price Per SF
$519.59 CAD
Percent Leased
100%
Building Height
2 Stories
Loading Docks
20 Exterior
Building FAR
0.12
Lot Size
1.37 AC
Zoning
PCD - Planned Commercial Development
Parking
80 Spaces (11.51 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Waterfront
  • Storage Space
  • Air Conditioning
  • Awning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
221-A-10
Land Assessment
$495,647 CAD
Improvements Assessment
$999,505 CAD
Total Assessment
$1,495,152 CAD
  • Listing ID: 41029601

  • Date on Market: 2026-06-23

  • Last Updated:

  • Address: 1336 Campers Paradise Trl, Moneta, VA 24121

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