Chautauqua County
Investment Opportunity With Solar Project In Portland, NY
VL Colt Rd, Lot #WP001 Portland, NY 14769
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.
Summary
Address
Approximate Distances
Property
Land Details
Pasture
Timber
Tillable
Grass
Utilities
Improvements/Features
Small Game, Big Game, Upland Game, Predators, Trail Network, Internal Road System, Seller's Mineral Rights Convey
Details
- Solar project income
- 5 land parcels
- Frontage on two roads
- Building opportunities
- GMOs convey
- Electricity at the road
Other
Additional Addresses
- VL Colt Rd, Lot #WP001, Portland, NY, 14769
- VL Colt Rd, Lot #WP001, Portland, NY, 14769
Coordinates
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Nearby Related Properties
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