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Lankford Hwy

BLOXOM, VA 23308
  • $300,000
  • STATUS: Active
  • ON SITE: 300 Days
  • ID#: VAAC2000756
UPDATED: 222 min ago
$300,000
  • 0
    BEDS
  • 25.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Income producing land! 25.6 +/- acres of mostly timber with 2,000+/- feet of road frontage on the west side of Lankford Highway in Bloxom, VA. The ownership has six active metal/concrete built billboard signs on the road frontage that produce $2,350 per sign each year through Chesapeake Outdoor. Total annual income is +/- $14,100 with future escalation. 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 significant passive income.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX 100. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-24T08:07:41.6.
www.gabrielaa-team.com/homes/143760843
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Lankford Hwy BLOXOM, VA 23308

  • Price: $300,000
  • Status: Active
  • On Site: 300 Days
  • Updated: 222 min ago
  • ID#: VAAC2000756
0
Beds
0
Baths
0
½ Baths
25.6
Acres
County:
Accomack
School District:
Accomack County Public Schools
Property Description
Income producing land! 25.6 +/- acres of mostly timber with 2,000+/- feet of road frontage on the west side of Lankford Highway in Bloxom, VA. The ownership has six active metal/concrete built billboard signs on the road frontage that produce $2,350 per sign each year through Chesapeake Outdoor. Total annual income is +/- $14,100 with future escalation. 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 significant passive income.
Exterior Features

Garage YN No Water Access YN No Water View YN No Waterfront YN No

Property Features

Association YN No Central Air YN No Construction Completed YN No Current Use TimberOther Navigable Water YN N Original MLSNumber 802637907930 Ownership Interest Fee Simple Property Sub Type Land Sale Type Standard Sewer No Septic System Tax Annual Amount 431.36 Vacation Rental YN No Water Source None Zoning GENERAL BUSINESS

Listing courtesy of The Land Group: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX 100. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-24T08:07:41.6.
 
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