Land for Sale - VL Colt Rd, Lot #WP001, Portland, NY 14769 - 162.5 acres

Investment Opportunity With Solar Project In Portland NY

VL Colt Rd, Lot #WP001, Portland, NY | Lat/Lng:  42.3515, -79.4616

$1,499,900
162.5 ac.
07/12/2022
FOR SALE
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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. Property Features: - Solar project income - 5 land parcels - Frontage on two roads - Building opportunities - GMO's Convey - Electricity at the road

Details

CountyChautauqua
Zipcode14769
BrokerageWhitetail Properties
Brokerage Linkhttps://www.whitetailproperties.com
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