$ 300,000
LANKFORD HWY Bloxom, VA 23308
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$ 300,000
Est. payment | /mo
25.6 Acres Lot
$ 300,000
Est. payment | /mo
25.6 Acres Lot
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
Listed by Benjamin Alder • The Land Group
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Lane Thrush
REALTOR® | Lic# RM423221