PRICE REDUCED! Located just a short drive from Route 24 and Smith Mountain Lake you will find this beautiful mountain property. Seclusion, amazing views, potential building sites, wildlife, and a convenient location await the new owner. As you enter through the gated entrance an established gravel road will lead you to the top of the mountain where you will find a beautiful forest with mature timber and some of the best views the area has to offer. Also, the lay of land makes it very usable, especially up top. Enjoy various recreational opportunities such as hunting, hiking, and atv riding. A cell tower is currently located on the property that will provide a steady revenue stream of $1075 per month, and this increases 3% annually. We have also been offered 240,000 from several companies to purchase just the cell tower lease, so that opportunity will be available to the next owner. A copy of the cell tower land lease agreement available upon request. We had a timber cruise done and documented which shows the timber value on the property to be above 200,000. The property is conveniently located to Smith Mountain Lake, Moneta, Roanoke, and Bedford. Don’t miss this opportunity to have your very own mountain retreat. So to recap, you get your own mountain, with a ton of usable land, money directly deposited each month into your account for being the new owner, really good timber value, electricity and high speed internet on site, amazing views, and close to everything! Please contact us today to schedule a private showing.
Property Value Breakdown: The property is listed at 625,000 with the potential to return 240,000 immediately and another 200,000 worth of timber value. This is the equivalent of paying 185,000 for 111 acres or 1,665 per acre. That equates to a needle in a haystack in Bedford County Va.
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
Buyer’s agents must be identified on the first contact with Broker/Agents and must accompany the buyer on showings to receive full fee participation. Otherwise, the fee participation will be at the sole discretion of the Broker and Whitetail Properties Real Estate, LLC.