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Lankford Hwy, Bloxom, VA 23308
$250,000
Lankford Hwy, Bloxom, VA 23308View this property at Lankford Hwy, Bloxom, VA 23308
Lankford HwyBloxomVA23308
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Property Description
Income producing land! +/- 25.15 acres of timber in 7 parcels located in city limits of Nelsonia in Accomack County, VA. The ownership has 1,200 +/- feet of road frontage on the east side of Lankford Highway with four active metal/concrete billboard signs that produce $2,350 per sign each year through Chesapeake Outdoor. Total annual income is +/- $9,400. 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 passive income.
Full Property Details
Full Property Details for Lankford Hwy
General
- Price: $250,000
- Taxes: $1,812 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: VAAC2000754
- Updated: 9/27/2023
- Added to Site: 263 day(s) ago
Location
- County: Accomack
- Driving Directions: Heading north on Lankford Hwy, The property will be on your right after Nelsonia Rd.
- City Limits: Yes
School Information
- School District: Accomack County Public Schools
Utilities
- Sewer: No Septic System
- Water: None
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Timber, Other
Lot Features
- Lot Size (Acres): 25.15
- Lot Size (Sq. Ft.): 1,095,534
- Lot Size Source: Estimated
- Zoning: GENERAL BUSINESS
Financial Considerations
- Price Per Sq. Ft.: $.23
- City/TownTax Freq: Annually
- Tax w/Assessment: $255,920
- Tax Amount: $1,812
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
Listed by The Land Group, Benjamin Alder
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Price & Sales History for Lankford Hwy
Date
Details
Price
Change
Source
9/27/2023
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Lankford Hwy
Lankford Hwy, Bloxom, VA 23308 (MLS# VAAC2000754) is a Lots/Land property with a lot size of 25.15 acres. Lankford Hwy is currently listed for $250,000 and was received on September 27, 2023. Want to learn more about Lankford Hwy? Do you have questions about finding other Lots/Land real estate for sale in Bloxom? You can browse all Bloxom real estate or contact a Coldwell Banker agent to request more information.