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 .
Off market
$701
Colt Rd, Brocton, NY 14716
0beds
0baths
162.5Acres
VacantLand
Built in ----
162.5 Acres Lot
$-- Zestimate®
$--/sqft
$1,036 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Frontage length: 2412
Lot
- Size: 162.50 Acres
Details
- Parcel number: 06608917900156
- Lease amount: $0
Community & neighborhood
Location
- Region: Brocton
Other
Other facts
- View: Lake, Scenic, Wooded, Farm
- ViewYN: true
- Furnished: Unfurnished
- NumberOfLots: 5
- YearBuiltEffective: 0
- CoveredSpaces: 0
- LandLeaseAmount: 0
- MlsStatus: Active
- TaxAnnualAmount: 0
- AvailabilityDate: 2022-06-27
- FrontageLength: 2412
- ParcelNumber: 066089178.0000002047.001
- Available date: 06/27/2022