Thank you
Benjamin Alder
The Land Group
410-934-3478
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.
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Water Source : None
Sewer: No Septic System
Lot Size: 1,115,136
Lot Size (Acres): 25.60
Main Square Feet: 1,115,136
Total Lot SQ ft: 1,115,136
Total Acreage: 25.60
Possession: Immediate
Days Of Market: 3
Annual Tax: $431
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $73,000
Direction: Heading South on Lankford Hwy, The property will be on your right just before the town of Nelsonia.
School District: ACCOMACK COUNTY PUBLIC SCHOOLS
Water Source: None
Sewer: No Septic System
Direction: Heading South on Lankford Hwy, The property will be on your right just before the town of Nelsonia.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
16409 Hopeland Way , Bloxom, VA,23308 | $950,000 | 4 | 3.5 | -- | 165528 Sqft |
Lankford Hwy , Bloxom, VA,23308 | $250,000 | -- | -- | 1,095,534 | 1095534 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 09:28
MLS: VAAC2000756
LISTED BY: Benjamin Alder , The Land Group
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.