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Listed by Benjamin Alder • The Land Group
$ 280,000
Est. payment /mo
New
LANKFORD HWY Bloxom, VA 23308
25.6 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAAC2002166
HOA Y/N N
Annual Tax Amount $300
Tax Year 2024
Lot Size 25.600 Acres
Acres 25.6
Property Sub-Type Land
Source BRIGHT
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. 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.
Location
State VA
County Accomack
Zoning GB/A
Exterior
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
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Lisa Blue
Agent | License ID: PA: RS319908/NJ: L1434603
Agent License ID: PA: RS319908/NJ: L1434603