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$280,000
Est. payment /mo
25.65 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Nelsonia
MLS Listing ID 64952
Lot Size 25.650 Acres
Lot Dimensions 1117314
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.
Location
State VA
Exterior
Waterfront Description None
Building
Lot Description Other, 20-50 acres +/-
Sewer None
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Listed by The Land Group, LLC
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