Investment Opportunity With Solar Project In Portland NY
Media
Summary
Property
- Type
- Farms, Recreational Land, Timberland
- Road Frontage
- Township Road
- Road Surface
- Blacktop/Asphalt
Land Details
- Pasture
- Timber
- Tillable
- Grass
Approximate Distances
| 2.3 mi | to Brockton |
| 6.3 mi | to Westfield |
| 8.4 mi | to Fredonia |
| 49.3 | to Buffalo |
Utilities
| Electric: | Onsite |
| Sewer: | Onsite |
| Internet: | Onsite |
| Cable: | Onsite |
| Telephone: | Onsite |
| Water: | Onsite |
Features/Improvements
- Small Game
- Big Game
- Upland Game
- Predators
- Trail Network
- Internal Road System
- Seller's Mineral Rights Convey
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 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.
Details
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Solar project income
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5 land parcels
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Frontage on two roads
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Building opportunities
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GMO's Convey
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Electricity at the road
Other
Coordinates
42.3515, -79.4616
Annual Taxes
$10,410
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
Buyer’s agents must be identified on the first contact with Broker/Agents and must accompany the buyer on showings to receive full fee participation. Otherwise, the fee participation will be at the sole discretion of the Broker and Whitetail Properties Real Estate, LLC.
