9142 Lankford Hwy Nassawadox, VA 23413
- Retail properties
- 3,464 SF
- 31.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9142 Lankford Hwy
- Year built
- 1950
- Lot size
- 31.00 lot acres
- Property size
- 3,464 SF
- Property type
- Retail properties
- Property subtype
- Mobile home & RV parks
Description
This exceptional 31-acre investment opportunity in Nassawadox, Virginia, presents a unique blend of retail, self-storage, and mobile home park uses. Located at 9142 Lankford Hwy, 23413, this property offers significant upside potential. The 3,464 square foot main building currently houses a garden shop, providing immediate income. The property also includes 48 self-storage units and over 38 mobile home sites, generating substantial rental income. Built in 1950, the property consists of 40 buildings on a single story, with 11 parking spaces. The permitted zoning is for a mobile home park, allowing for future expansion or redevelopment. The property boasts prime highway frontage, ensuring high visibility and accessibility. An on-site office facilitates efficient management. This is a value-add opportunity with below-market rents, promising immediate income growth and increased net operating income (NOI). The strong tenant base and long-term leases provide stability and security. This property is priced at $1,750,000 and offers a compelling return on investment. Don't miss this chance to acquire a versatile and profitable asset in a high-growth market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nassawadox
- County
- Northampton
- State
- Virginia
- Longitude
- -75.8732
- Latitude
- 37.4555
