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Lankford Hwy, Bloxom, VA 23308
$320,000
Lankford Hwy, Bloxom, VA 23308View this property at Lankford Hwy, Bloxom, VA 23308
Lankford HwyBloxomVA23308
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Property Description
Income producing land! 25.6 +/- 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.
Full Property Details
Full Property Details for Lankford Hwy
General
- Price: $320,000
- Taxes: $431 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: VAAC2000756
- Updated: 9/28/2023
- Added to Site: 263 day(s) ago
Location
- County: Accomack
- Driving Directions: Heading South on Lankford Hwy, The property will be on your right just before the town of Nelsonia.
- 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): 25.6
- Lot Size (Sq. Ft.): 1,115,136
- Lot Size Source: Estimated
- Zoning: GENERAL BUSINESS
Financial Considerations
- Price Per Sq. Ft.: $.29
- City/TownTax Freq: Annually
- Tax w/Assessment: $73,000
- Tax Amount: $431
- 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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Schools
Schools serving Lankford Hwy
Rating | Name | Grades | Distance |
---|---|---|---|
13300 Lankford Hwy, Mappsville, VA 23407 | PK-5 | 2 mi | |
24501 Parksley Rd, Parksley, VA 23421 | PK-5 | 5 mi | |
26230 Drummondtown Rd, Accomac, VA 23301 | PK-5 | 11.5 mi | |
29485 Horsey Rd, Oak Hall, VA 23416 | 6-8 | 6.6 mi | |
20330 Warrior Dr, Onley, VA 23418 | 6-8 | 13 mi | |
175 Academic Ln, Heathsville, VA 22473 | 6-8 | 47.3 mi | |
8210 Lankford Hwy, Oak Hall, VA 23416 | 9-12 | 6.7 mi | |
Badger Vocational Education Center North
8210 Lankford Hwy, Oak Hall, VA 23416 | 9-12 | 7.2 mi | |
Badger Vocational Education Center South
26350 Lankford Hwy, Onley, VA 23418 | 9-12 | 13.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for Lankford Hwy
Date
Details
Price
Change
Source
9/27/2023
Listed
$320,000
—
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# VAAC2000756) is a Lots/Land property with a lot size of 25.60 acres. Lankford Hwy is currently listed for $320,000 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.