Lankford Hwy
Bloxom,
VA
23308
Property Details
List Price: |
$320,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
The Land Group |
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Description/Comments
Lot Size: |
25 acre(s) |
Property Type: |
Lots And Land |
Year Built: |
-- |
Notes: |
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. |
MlsNumber: |
VAAC2000756 |
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Listing Provided By: |
The Land Group, original listing |
Name: |
The Land Group |
Phone: |
(443) 465-3520 |
Office Name: |
The Land Group |
Office Phone: |
(443) 465-3520 |
Agent Name: |
Benjamin Alder |
Disclaimer: |
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. |