Lankford Hwy
Bloxom,
VA
23308
Property Details
List Price: |
$250,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
The Land Group |
Agency Phone: |
(443) 465-3520 |
Description/Comments
Lot Size: |
25 acre(s) |
Property Type: |
Land-Other |
Year Built: |
-- |
Notes: |
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. |
MlsNumber: |
-- |
ListingId: |
VAAC2000754 |
Estimate Your Monthly Payment
Listing Provided By: |
The Land Group, original listing |
Phone: |
(443) 465-3520 |
Office Phone: |
(443) 465-3520 |
Agent Name: |
Benjamin Alder |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |