Description
Welcome to Spring Knoll Farm! Located just a couple of miles southeast of Midland lies this immaculate income producing farm with an extensive amount of road frontage along Midland Road as well as Ritchie Road. Composed of approximately 84 stunning acres of tillable land and 30 acres of pasture ground for your cattle or livestock. The cell phone tower on the property is disguised as a silo and brings in more than $1,500 a month for the next 50 plus years! This cell tower has the capabilities of taking on more providers so the income could go up significantly in the future. Currently being leased for crop and hay production bringing in $4,450 each year. This parcel will continue to stay in its original state as it is protected from development by the Virginia Outdoor Foundation's conservation easement program. Under the conservation easement, this parcel is eligible for a new home to be built up to 2000 square feet and the existing home can be remodeled or replaced with no square footage limitations. The existing home has over 2,200 sq ft of living space with 6 bedrooms and 2 full bathrooms. There are numerous outbuildings including 2 barns, 2 equipment sheds, a carport, and a run-in shed to shelter your equipment or belongings. Lo
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0BEDS
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120.28ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Welcome to Spring Knoll Farm! Located just a couple of miles southeast of Midland lies this immaculate income producing farm with an extensive amount of road frontage along Midland Road as well as Ritchie Road. Composed of approximately 84 stunning acres of tillable land and 30 acres of pasture ground for your cattle or livestock. The cell phone tower on the property is disguised as a silo and brings in more than $1,500 a month for the next 50 plus years! This cell tower has the capabilities of taking on more providers so the income could go up significantly in the future. Currently being leased for crop and hay production bringing in $4,450 each year. This parcel will continue to stay in its original state as it is protected from development by the Virginia Outdoor Foundation's conservation easement program. Under the conservation easement, this parcel is eligible for a new home to be built up to 2000 square feet and the existing home can be remodeled or replaced with no square footage limitations. The existing home has over 2,200 sq ft of living space with 6 bedrooms and 2 full bathrooms. There are numerous outbuildings including 2 barns, 2 equipment sheds, a carport, and a run-in shed to shelter your equipment or belongings. Lo
Listing information © 2023 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or KK Homes | Long & Foster Real Estate. Data last updated 2023-05-29T13:12:50.58.