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Vl Colt Rd
Portland, NY 14769

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Property Details


List Price: $1,499,900
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: WHITETAIL PROPERTIES REAL ESTATE LLC

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Description/Comments


Lot Size: 162 acre(s)
Property Type: Lots And Land
Year Built: --
Notes: 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 .
MlsNumber: 11090124


Listing Provided By: WHITETAIL PROPERTIES REAL ESTATE LLC, original listing
Name: WHITETAIL PROPERTIES REAL ESTATE LLC
Office Name: WHITETAIL PROPERTIES REAL ESTATE LLC (NY)
Office Phone: (217) 285-9000
Agent Name: Paul Vaicunas
Disclaimer: Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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