LANKFORD HWYBLOXOM, VA 23308
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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.
| 4 months ago | Listing first seen on site | |
| 4 months ago | Listing updated with changes from the MLS® |
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