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.

Features
: No Septic System
Address Map
US
Virginia
Richmond and Greater Richmond Area
ACCOMACK
BLOXOM
23308
LANKFORD HWY
0
W76° 25' 15.3''
N37° 49' 50.6''
Additional Details
: Winding Creek
: Western Albemarle
: Henley
: Immediate
$0
2023
$431
Benjamin Alder

LANKFORD HWY, BLOXOM, Virginia 23308

25.60 Acre
$320,000
ID #VAAC2000756
Basic Details
Property Type : Land
ID : VAAC2000756
Price : $320,000
Lot : 25.60 Acre
Contact Agent

     

     

     

     


    Copyright 2024 - VirginiaFarmsforSale.com uses MLS data from Charlottesville Area Association of Realtors & Metropolitan Regional Information Systems, Inc. to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. The listing broker has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website.