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$ 240,000
Est. payment | /mo
25.15 Acres Lot
$ 240,000
Est. payment | /mo
25.15 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID VAAC2000754
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,812
Tax Year 2023
Lot Size 25.150 Acres
Acres 25.15
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.
Location
State VA
County Accomack
Zoning GENERAL BUSINESS
Exterior
Water Access N
Garage N
Building
Sewer No Septic System
Water None
Schools
School District Accomack County Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Benjamin Alder • The Land Group