Rare Investment Opportunity – 11% Cap Rate
One South Commercial is pleased to present the exclusive sale listing of 424 Lumberlost Road. The Lumberlost Mobile Home Park encompasses 31.25 acres in Weems, Virginia. The only mobile home park community in Lancaster County, the property features 17 sites, 13 mobile
homes and a two bedroom house. All mobile homes are owned by the seller with the exception of one, which is a lot rental. Two artesian wells supply the property and each site is serviced by individual septic systems. The property has four sites that are trailer ready for immediate use. The property is also approved for an additional 8 sites which is currently undeveloped. 12 of the mobile homes, along with the single family, convey with the property.
Located less than 10 minutes away from the Northern Neck town of White Stone, tenants have convenient access to several restaurants and markets, bakery, coffee shop, post office, and other amenities. Lumberlost Park is also located less than one-mile from the eastern branch of the Corrotoman River and minutes from the Rappahannock River. Other nearby attractions include the famous Tides Inn in Irvington.