MLS® ID: VAFV155942
Lot 1 BACK MOUNTAIN RD.
WINCHESTER, Virginia, 22603 $179,000
10+ acres with Cingular Wireless cell phone tower rights!! Don't miss this rare opportunity to own an income producing property from day 1! Property value is based on the value of the land plus 5 years of income from the cell tower. Owner estimates an approximate value of $185,000 for the cell tower rights alone, if the rights are renewed. Owner currently receives $1351.39 per month from Cingular Wireless. The lease commenced in 2011 for a period of 20 years, with (4) five year renewals. The lease is in the 8th year of the second renewal. Owner has another 7+ acre parcel approximately 1/4 mile down Back Mountain Rd that he would sell with this lot for an extra $45,000.00