Listed By:
The Land Group
Address
Lankford Hwy, Bloxom, VA
Price
$ 320,000
Property Attributes
  • MLS#VAAC2000756
  • TypeLand
  • CountyACCOMACK
  • CityBloxom
  • Zip23308
  • StyleTimber
  • Taxes$ 431
  • Price$ 320,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size25.6 Acres
Data Source:
Bright MLS
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.

Price History
9/27/2023 Listed $320,000

General Features

Sewer No Septic System
Possession Immediate
Zoning GENERAL BUSINESS
Property SubType Land
Tax Year 2023
Current Use Timber,Other
Percent Ownership Fee Simple
County ACCOMACK
Property Type Land
HOA / Comm Assn No
Water Access Y/N No
Status ACTIVE
Directions Heading South on Lankford Hwy,The property will be on your right just before the town of Nelsonia.
ModificationTimestamp 2023-09-28T09:56:21
City BLOXOM
Buyer Agent Compensation 3
Lot Size Square Feet 1115136.00
Tax Assessed Value 73000.0
Waterfront Y/N No
Street Name LANKFORD HWY
Tax Annual Amount 431.36
Price Per Sq Ft 0.29
Additional Parcels Y/N Yes
Vacation Rental Y/N No
Days on Market 203
Standard Status Active
Buyer Agent Compensation Type % Of Gross

Exterior Features

Water Source None
Water View Y/N No
Lot Size Acres 25.60
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 23308

Price
AVG $290K
$320K
Taxes
AVG $1,122
$431
Visits
AVG 211
212
Data Provided by Inside Real Estate®

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