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29561673
29561692

Sharoak Rd, New Church, VA 23415

JM
VA 0226196756, MD 679089
Long & Foster Snow Hill
Listed by Long & Foster Snow Hill
$550,000
122 days on market
Updated 53 days ago

Sharoak Mobile Home Park

Details
APN 27-A-4
Property Type Mobile Home Park, Multifamily
Sub Type Mobile Home Park
Pads 18
Pro-Forma Cap Rate 19.64%
Pro-Forma NOI $108,000
Broker Co-Op Yes
Class B
Buildings 1
Acreage 7.240
Zoning General Business
Investment Type Value Add
Ownership Fee Simple
Sale Condition 1031 exchange

Mobile Home Park | 18 Pads | $30,556/pad

Marketing description

Prime Development Opportunity on Lankford Hwy
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. 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.

Investment highlights

Ability to rent lots only decreasing the liability and expenses of ownership. Could build out the park and rent mobile home units to increase rent rolls.

Listing Contacts

JM
VA 0226196756, MD 679089
Long & Foster Snow Hill
Listed by Long & Foster Snow Hill

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Additional Information

Name
John McGoldrick
License
0226196756
Brokerage
Long and Foster
Brokerage Phone
667-661-2000
Title
Supervising Broker
Brokerage Address
8208 Salyer Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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