Lot/land
  • $280,000

    Lankford Hwy, Bloxom, VA 23308

    --beds
    --baths
    25.6Acres
    Unimproved Land
    Built in ----
    25.6 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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. Tax ID# 70-A-11 is zoned for general Business, Tax ID# 70-A-12 and a portion of 70-A-12B is zoned residential. Remaining acreage is agricultural zoning.
    55 days
    |
    66
    |
    5
    |
    • Loading