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Aryan Frizhandi

aryan.frizhandi@lnf.com +1(202) 899-0069

$ 240,000

Est. payment -/mo

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Pending

LANKFORD HWY Bloxom, VA 23308

25.15 Acres Lot

UPDATED:

10/10/2024 01:08 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID VAAC2000754

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $1,812

Tax Year 2023

Lot Size 25.150 Acres

Acres 25.15

Property 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.

Location

State VA

County Accomack

Zoning GENERAL BUSINESS

Exterior

Waterfront N

Water Access N

Garage N

Building

Sewer No Septic System

Water None

Schools

School District Accomack County Public Schools

Others

Tax ID NO TAX RECORD

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Benjamin Alder • The Land Group

Aryan Frizhandi

Agent

+1(202) 899-0069

Aryan Frizhandi

LANKFORD HWY Bloxom, VA 23308

Key Details

Location

Exterior

Building

Schools

Others

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LANKFORD HWY