Property Attributes
- MLS#VAAC2000754
- TypeLand
- CountyACCOMACK
- CityBloxom
- Zip23308
- StyleTimber
- Taxes$ 1812
- Price$ 250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size25.15 Acres
Data Source:
Bright MLS
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.
Price History | |
---|---|
9/27/2023 | Listed $250,000 |
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 north on Lankford Hwy,The property will be on your right after Nelsonia Rd. |
ModificationTimestamp | 2023-09-27T10:53:45 |
City | BLOXOM |
Buyer Agent Compensation | 3 |
Lot Size Square Feet | 1095534.00 |
Tax Assessed Value | 255920.0 |
Waterfront Y/N | No |
Street Name | LANKFORD HWY |
Tax Annual Amount | 1812.98 |
Price Per Sq Ft | 0.23 |
Additional Parcels Y/N | Yes |
Vacation Rental Y/N | No |
Days on Market | 217 |
Standard Status | Active |
Buyer Agent Compensation Type | % Of Gross |
Exterior Features
Water Source | None |
---|---|
Water View Y/N | No |
Lot Size Acres | 25.15 |
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