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$240,000 $1,288 est/mo Sourced by Back At You
Lankford Hwy , Bloxom, VA 23308
Bloxom, VA 23308
Description
Income producing land! +/- 25.15 acres of timber in 7 parcels located in city limits of Nelsonia in Accomack County, VA. The ownership has 1,200 +/- feet of road frontage on the east side of Lankford Highway with four active metal/concrete billboard signs that produce $2,350 per sign each year through Chesapeake Outdoor. Total annual income is +/- $9,400. The current lease rate is good through March 31, 2028 and will be increased to $2,500 per sign per year from April 1, 2028 through March 31, 2033. Great opportunity to own significant road frontage along route 13 with passive income.
Details
| MLS# | VAAC2000754 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 379 |
| Listing Provided By | The Land Group | Benjamin Alder |
Features
| Zoning | GENERAL BUSINESS |
|---|---|
| Acreage | 25.15 |
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Learn More About This Property
| State | VA |
|---|---|
| County | Accomack |
| City | Bloxom |
| Zip Code | 23308 |
| School District | Accomack County Public Schools |
| Listing VS Median (in 23308) | |
Price: $240,000 low | high Med: $349,900 On Site: 379 low | high Med: 14.000000 | |
Listing Updated: September 24, 2024 at 12:08:48 PM PDT