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.
Property Type
LandCounty
ACCOMACKStyle
LandAD ID
45179480
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Property Details
-
Interior Features
Water/Sewer
- Water Source : None
-
Exterior Features
Utility Features
- Sewer: No Septic System
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Property / Lot Details
Lot Information
- Lot Size: 1,095,534
- Lot Size (Acres): 25.15
- Main Square Feet: 1,095,534
Property Information
- Total Lot SQ ft: 1,095,534
- Total Acreage: 25.15
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Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 364
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Taxes / Assessments
Tax Information
- Annual Tax: $1,813
- Tax Year: 2023
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $255,920
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Homeowners Association Information
- Direction: Heading north on Lankford Hwy, The property will be on your right after Nelsonia Rd.
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School, Utilities & Location Details
School Information
- School District: ACCOMACK COUNTY PUBLIC SCHOOLS
Utility Information
- Water Source: None
- Sewer: No Septic System
Location Information
- Direction: Heading north on Lankford Hwy, The property will be on your right after Nelsonia Rd.
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BuyOwner last updated this listing 11/05/2024 @ 03:26
- MLS: VAAC2000754
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Land, with 0 bedrooms which is recently sold, it has 1,095,534 sqft, 1,095,534 sized lot, and 0 parking. and are nearby neighborhoods.