Lot 1 Back Mountain Rd.

    WINCHESTER, VA 22603
    • $179,000
    • STATUS: Active Under Contract
    • ON SITE: 31 days
    • ID#: VAFV155942
    Under Contract
    UPDATED: 76 min ago
    $179,000
    • 0
      BEDS
    • 10.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-03-29T12:49:55.717.
    www.eriksells.com/homes/103564364

    Lot 1 Back Mountain Rd. WINCHESTER, VA 22603

    • Price: $179,000
    • Status: Active Under Contract
    • Updated: 76 min ago
    • ID#: VAFV155942
    0
    Beds
    0
    Baths
    0
    ½ Baths
    10.16
    Acres
    County:
    Frederick
    School District:
    Frederick County Public Schools
    Property Description
    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
    Exterior Features

    Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Property Features

    Assessment Year 2019 Association YN No Central Air YN No Condo YN No Construction Completed YN No Current Use Land/Lot OnlyTelecommunication Site Historic YN No Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 304039809568 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land Sale Type Standard Section A Sewer No Sewer System Tax Annual Amount 595.00 Tax Assessment Amount 97600.00 Tax Lot 6L Vacation Rental YN No Water Source None Zoning Ra

    Listing courtesy of Greenfield & Behr Residential.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-03-29T12:49:55.717.
     
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