LANKFORD HWY, Bloxom, VA 23308 - MLS#VAAC2000756

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$300,000

Est. payment - /mo

25.6 Acres Lot

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UPDATED:

10/10/2024 01:09 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID VAAC2000756

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $431

Tax Year 2023

Lot Size 25.600 Acres

Acres 25.6

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.

Location

State VA

County Accomack

Zoning GENERAL BUSINESS

Exterior

Waterfront N

Water Access N

Garage N

Building

Sewer No Septic System

Water None

Schools

School District Accomack County Public Schools

Others

Tax ID NO TAX RECORD

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Listed by Benjamin Alder • The Land Group

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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