Homeslyst  /  For Sale  /  Land  /  Virginia  /  Listing 109945

Bloxom, Accomack County, VA Undeveloped Land for sale Property ID: 417810341

Detailed Information

  • Type: Company

  • Price: $320,000

  • Location: Yorktown, Virginia

  • Address: LANKFORD HWY, Bloxom, VA, 23308

  • Zip: 23308

  • Property size: 1115131 square feet

  • Condition: Used

  • For sale by: Broker

  • Agent: Ben Alder

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. Copyright © 2024 Bright MLS.

All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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