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.
Property Type
LandCounty
ACCOMACKStyle
LandAD ID
45179478
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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: 1,115,136
- Lot Size (Acres): 25.60
- Main Square Feet: 1,115,136
Property Information
- Total Lot SQ ft: 1,115,136
- Total Acreage: 25.60
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Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 364
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Taxes / Assessments
Tax Information
- Annual Tax: $431
- Tax Year: 2023
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $73,000
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Homeowners Association Information
- Direction: Heading South on Lankford Hwy, The property will be on your right just before the town of Nelsonia.
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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 South on Lankford Hwy, The property will be on your right just before the town of Nelsonia.
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BuyOwner last updated this listing 11/23/2024 @ 10:42
- MLS: VAAC2000756
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Land, with 0 bedrooms which is recently sold, it has 1,115,136 sqft, 1,115,136 sized lot, and 0 parking. and are nearby neighborhoods.