Old Glebe Point Rd

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Old Glebe Point Rd

Burgess, VA 22432
Asking Price
$745K
Asset Type
Commercial Land
Class
Class B

What's Special

Land | 90 acres <ul><li>​Approximately 2,000 feet of water frontage on Betts Mill Creek</li><li>​Several waterfront homes sites with potential for a family compound or multiple waterfront lots</li><li>​Mature timber across the entire property comprising of loblolly pine and various hardwoods</li><li>​Topography is relatively flat across the majority of the site with gradual slopes to the northern boundary and waterfrontage</li><li>​TAX ID/GPIN: 36-1-33</li></ul>

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NOI
$80,000
Cap Rate
10.74%
DSCR
1.81
Strong
Cash-on-Cash
16.00%
Monthly Payment
$3,685.854
Annual Cash Flow
$35,769.758

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