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   Dave Gresham
   Associate Broker
   Long & Foster, Realtors
   Moneta, VA 24121   
   (540) 721-5050 or (540) 309-8440
   davegresham@jetbroadband.com 

Commercial Properties

  The explosion in residential sales at Smith Mountain Lake has been closely followed by a wave of business growth that is just as staggering. For example, in the Westlake area, over 200 new businesses have opened in the past few years!

  This is, by far, the business hub of the lake, but other areas are beginning to emerge as shopping centers, too.

  The Bridgewater area is the social hub of the lake and is located at the middle of the Rt. 122 corridor at Hales Ford Bridge. It features about 30 businesses, including restaurants, gift shops, an arcade, a marina, mini-golf, etc. In addition, it has recently added another building with 10 new businesses to compliment the existing wide variety of stores and offices. Add to this, 2 new, very upscale condo buildings (96 individual units) are under construction on the adjoining property.

  Meanwhile, three other lake areas (Southlake, Eastlake, and central Moneta) are about to explode with approximately 70 new businesses, either just completed or under construction.

  Lastly, the Rt. 122 corridor between old downtown Moneta and Westlake Corner is booming. There are over 1,000 residences on the drawing board for the next few years along this little strip, plus a number of new business are already under construction, with more on the drawing board!

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