Remarks

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. Tax ID# 70-A-11 is zoned for general Business, Tax ID# 70-A-12 and a portion of 70-A-12B is zoned residential. Remaining acreage is agricultural zoning.

Details

MLS#: VAAC2002166
Price: $280,000


County: ACCOMACK
Tax Fee: 300.08

School District: ACCOMACK COUNTY PUBLIC SCHOOLS