Hadad’s Lake and its surrounding acreage at 7900 Osborne Turnpike, Richmond, Virginia 23231 is up for sale for $975,000. It has been the only waterpark in the area for almost 60 years.
Description of Hadad's Lake
Hadad’s Lake is situated on six acres. It includes a waterpark whose attractions include a natural-bottom swimming pool, fishing pond, volleyball courts, gazebos, water slides, a rope swing, floating trampoline, launch tower, horseshoes, volleyball, paddleboats, miniature golf, multiple pavilions, playground, and more.
Along with the lake comes 30 acres which include a house, driveway, and parking area. The area is largely wooded and undeveloped. The parcels are being marketed for sale together or separately.
Background about Hadad's Lake
The grandfather Edward Hadad and his son Ronald Hadad Sr. bought the land in 1965. Hadad's Lake was initially called Hadad’s Palisades and included a banquet hall and a club area. Hadad’s Lake is now owned and operated by the fourth generation of Hadads, sister Dorian and brother Ronald Jr. The siblings have been running the business since their father Ronald Sr. passed in 2017.
Dorian said of the park’s origins:
“My dad was interested in hosting after-parties for shows that were at the Richmond Coliseum and my granddad was interested in the swimming area.”
Hadad’s Lake has hosted many different events over the years, including music festivals, family reunions, class reunions, birthday parties, weddings, and wedding receptions.
Why Hadad's Lake is up for sale
Dorian acknowledged that she doesn’t necessarily want to sell the park and the property, but that she can’t make the numbers work for the vision she has for it. Admission to Hadad’s Lake in recent years has been $15, and being a waterpark, Hadad said she has to pay a premium on the insurance that’s similar to that of major theme parks like Kings Dominion.
Dorian admitted:
“I enjoy it, but financially, I want things to be better and I want things to be improved. I’ve met the ends of all the resources that are available to me.”
Hadad said putting Hadad's Lake up for sale was not an easy decision to make. If none of her approximate dozen local relatives want to take it on, she’s hoping to find a buyer who’ll keep the spirit of the park going.
S.L. Nusbaum’s Thomas Langston, who’s marketing the property with colleague Nathan Shor, said he thinks the property would be a great site for a summer camp or a nonprofit group.
She concluded:
“I’d like to see people utilize it for what it has – make it a venue for the public or the community. The worst thing would be to turn it into a storage unit sector or a housing development.”
Opening for the summer
Even with the park on the market, Hadad’s Lake will be open for the summer 2023 season starting June 6 with an event planned for the opening.
For more information, contact Hadad's Lake by calling (804) 795-2659.
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