Scan with Smart

Phone Camera

Investment Opportunity With Solar Project In Portland, Ny

United States /New York, VL Colt Rd, 14769, 162.5

Listing ID :

97653066

MLS ID :

11090124

Acres :

162.5 Acres
$1,499,900

View Agent's Properties and Profile:

Paul Vaicunas

MyStateMLS Disclaimer: Copyright Investment opportunity with solar project in Portland, NY.

All rights reserved. Information is deemed reliable but not guaranteed.

Contact Seller

Property Description

We are pleased to present an investment opportunity with a solar project in Portland, NY. This property is being presented with the opportunity to acquire from the solar lease (approval in process) from the seller that produces $110,000 per year in passive income for the next 30 years. The purchaser will own the land, which is a combination of five parcels. The Land additionally has a gas lease that will produce $50,000 over a 44 year period. The solar project will be be constructed on the vineyard and a portion of the wooded and tillable acreage of the two largest parcels. The Purchaser will be contracted in to receive 100% of the Solar lease income at $4,372,500 in revenue. There is also a small residential home on the property that has a rental opportunity as well for additional revenue. The remaining parcels are wooded and provide excellent opportunities for deer hunting , turkey hunting and potential building locations for cabins or a new home. Check this one out for a unique opportunity to invest in a green project and still have a country lifestyle on the escarpment .

Basic Details

Property Types:

Land

Listing Type:

For Sale

Listing ID:

97653066

Price:

$1,499,900

Acres:

162.5 Acres

Address Map

Country:

United States

State:

New York

County:

Chautauqua

City:

Portland

Latitude:

42.354143

Longitude:

-79.449207

Street Address:

VL Colt Rd