MLS® ID: VAFV155942

Lot 1 BACK MOUNTAIN RD.

WINCHESTER, Virginia, 22603

$179,000 Active
  • - SQFT
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
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Listing courtesy of Greenfield & Behr Residential

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    22603
  • Office name
    Greenfield & Behr Residential
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Land
  • Zoning type
    RA
  • School district
    FREDERICK COUNTY PUBLIC SCHOOLS
  • Year built
    0
  • Lot size
    10.16
  • Sewer
    No Sewer System
  • Agent name
    Lori Fountain Bales
  • Purchase Type
    Active
  • Price Range
    $100k-$200k
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    WCOC2
  • Agent ID
    3222183

Location

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