$300,000 Price Analysis    ♡   Bloxom, VA 23308 Unknown bed 0 bath unknown SqFt ($0/SqFt) 25.6 acre lot. Listed 2023-09-27 | Ⓧ USDA Ineligible due to property near Bloxom |
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 passiv income.
Presented by Ben Alder at
The Land Group.
Property MLS #VAAC2000756 from BrightMLS
Lot Size Square Feet: 1115136
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: ACCOMACK
Current Use: Timber
Ownership: Fee Simple
Source Property Type: Land
Area: ACCOMACK
Source Neighborhood: ACCOMACK
Property Subtype: Land
Source System Name: C2C
$300,000
BrightMLS
Listed 2023-09-27
$320,000
BrightMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.