Sharoak Rd, New Church, VA 23415

$550,000

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List Price
$550,000
Price Change
▼ $60,000 1776196957
Days on Market
181
Status
ACTIVE
MLS#
VAAC2002588
Lot Size (Acres)
7.24
Year Built
1980
County
Accomack
School District
Accomack County Public Schools

Property Description

Prime Development Opportunity on Lankford Hwy with Seller Financing Option! Positioned along the high-visibility business corridor of Lankford Highway in New Church, VA, this 7.24-acre parcel offers a rare, fully approved mobile home park with significant infrastructure already in place. The property is approved for 18 mobile home lots, featuring two wells with water mains run throughout the park, new electric hookups for all 18 lots, and nine 4-bedroom septic systems already installed. An additional barn on the property provides flexible use for storage, maintenance, or future operations. This property offers a great owner-occupied option. Renovate the existing double-wide as an owner's residence and build out the remaining lots over time to pay your mortgage. With major approvals secured and substantial upfront development costs already completed, this is an exceptional opportunity for investors or operators seeking immediate and scalable income potential in a growing Eastern Shore corridor.

Additional Information

Taxes
$1600.4
School District
Accomack County Public Schools
Elementary School
Kegotank
Middle School
Arcadia
High School
Arcadia
Heating
Other
Heating Fuel
Other
Cooling
Other
Utilities
Electric Available
Water
Well
Sewer
On Site Septic

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Long & Foster Real Estate, Inc.. Contact: 6676612000