$795,000
Moneta, VA 24121
MLS# 931629
3 baths
1 / 74
Open House (10/20/2026 - 12:00 pm - 3:00 pm)
Property Description
Auction Property: List price may not reflect final sales price. List price is starting bid on the property and is non-reflective of value. Auction Ends Nov 12th at 4PM. Jake's Place presents an opportunity to own a well-established waterfront restaurant on Smith Mountain Lake. Operating since 2012, the business is located approximately one mile from Hales Ford Bridge, the commercial hub of Smith Mountain Lake. The property offers more than 75 parking spaces and 20 uncovered boat slips, providing convenient access by both land and water. Constructed in 1985, the building sits on 1.27 acres and is served by public water and sewer. Features include owned restaurant equipment, a 24-tap craft beer system, and a transferable Toast POS system. The current owner has consistently maintained the HVAC units, water heaters, and other mechanical systems, with maintenance records available to qualified buyers. The restaurant accommodates approximately 230 guests and offers waterfront dining and entertainment areas. There is a total of +/- 6,366 sq feet between two levels, and multiple decks and patios. Additional income is generated through the bar and gift shop. The upper level provides further revenue potential, with space that could be used for retail, private parties, or special events. This area may also offer an opportunity to serve guests from approximately 100 nearby campsites at the adjoining Halesford Harbour RV Resort & Marina. An office space is also located on the upper level. Although the restaurant and bar are centrally located within the Smith Mountain Lake market, the business also attracts customers from throughout the region, including Roanoke, Northern Virginia, Raleigh, and Charlotte NC. Financial information and a sales portfolio are available to qualified buyers upon execution of a Non-Disclosure Agreement.
Details
General Property Description
Construction Status: Completed
Total Acreage: 1.37
Flood Area: Yes
On site Parking: Yes
Basement Y/N: No
Parking Spaces: 77
Water Class: Waterfront Property
Water ID: Smith Mtn Lake
Gross Building SqFt: 6366
Length of Waterfront: 120
Lease Available: No
Year Built: 1985
Total Bths: 3
Location, Tax & Legal
Major Area: 06 - Bedford County
Tax ID: 221-A-10
Annual Taxes: 4330
Area: 0690 - SML Bedford County
Street Number: 1041
Street Name: Harbour Inn
Street Suffix: LN
State/Province: VA
Zip Code: 24121
Municipality: Bedford County
Remarks & Misc
Public Remarks: Auction Property: List price may not reflect final sales price. List price is starting bid on the property and is non-reflective of value. Auction Ends Nov 12th at 4PM. Jake's Place presents an opportunity to own a well-established waterfront restaurant on Smith Mountain Lake. Operating since 2012, the business is located approximately one mile from Hales Ford Bridge, the commercial hub of Smith Mountain Lake. The property offers more than 75 parking spaces and 20 uncovered boat slips, providing convenient access by both land and water. Constructed in 1985, the building sits on 1.27 acres and is served by public water and sewer. Features include owned restaurant equipment, a 24-tap craft beer system, and a transferable Toast POS system. The current owner has consistently maintained the HVAC units, water heaters, and other mechanical systems, with maintenance records available to qualified buyers. The restaurant accommodates approximately 230 guests and offers waterfront dining and entertainment areas. There is a total of +/- 6,366 sq feet between two levels, and multiple decks and patios. Additional income is generated through the bar and gift shop. The upper level provides further revenue potential, with space that could be used for retail, private parties, or special events. This area may also offer an opportunity to serve guests from approximately 100 nearby campsites at the adjoining Halesford Harbour RV Resort & Marina. An office space is also located on the upper level. Although the restaurant and bar are centrally located within the Smith Mountain Lake market, the business also attracts customers from throughout the region, including Roanoke, Northern Virginia, Raleigh, and Charlotte NC. Financial information and a sales portfolio are available to qualified buyers upon execution of a Non-Disclosure Agreement.
Directions: By Car: From Hales Ford Bridge, travel north on VA-122 & turn left onto Harbour Inn Ln. Bear left at each fork until parking. By Water: Enter cove beside Webster Marina & continue to Jake's Place.
Limited Service
Not Limited Service: 1
Commercial Type
Retail: 1
Views
Lake: 1
Business Type
Restaurant: 1
Heating
Heat Pump: 1
Cooling
Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Floors
Carpet: 1
Tile: 1
Vinyl: 1
Contract Information
Current Price: $795,000
List Price: $795,000
List Date: 2026-09-22
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Retail
Business Type: Restaurant
Heating: Heat Pump
Cooling: Electric
Floors: Carpet; Tile; Vinyl
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Views: Lake
Listing Office: U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
Last Updated: October - 07 - 2026
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