For sale $500,000 · 13.77± Acres

Madison County

Unique Greenhouse Income Opportunity Or Home Site On Lake

Lake Moraine Road, LOT#WP001 Madison, NY 13402

Description

Bring your dreams to life with this unique agri-business opportunity in a prime location with a seller willing to hold the mortgage. This highly desirable property is located approximately 3.5 miles from the Village of Hamilton, which was recently named one of the Friendliest Towns in America by Forbes Magazine, and is home to the nationally ranked Liberal Arts College of Colgate University. There are currently 39 20’ wide by up to 200’ long greenhouse structures in place. Operating from June through September, the greenhouses are being used at this time to grow specialty vegetables for the NYC marketplace, with a gross income of approximately $12-15,000 per week. The soil is almost entirely Lordstown Channery Silt Loam 8-15% slope (LsC). Lordstown and Loamy Soil is moderately deep and ideal for most garden plants because it holds plenty of moisture but also drains well, so that sufficient air can reach the roots. With approx. 370 feet of road frontage, there is a farm driveway into the property, and electric is available at the paved, maintained year-round road. The property offers the new owner many viable options: from taking over the existing greenhouse operations... to clearing some or all of the 8+/- tillable acres for another small farm agri-business, or build your new home or vacation getaway with direct access on the Upper Lake Moraine….to creating a camping AirBnB or Retreat with lake access for recreation...or some combination of any of these options! The property has a great location near the Village of Hamilton for amenities as well as area attractions and culture: renowned restaurants and breweries, shopping, culture and performing arts in Hamilton, Syracuse, Clinton/Utica, and Cooperstown, outstanding fishing and boating in numerous lakes and rivers, all well within an approximate hour or less. NYS Lands, Forest, and Wildlife Management areas abound in the surrounding areas. NYC/George Washington Bridge is less than approx. 4 hours. Listing price is based on the package price for the greenhouses and land together. Seller is willing to hold a mortgage for qualified buyers.


Summary

Address

Lake Moraine Road, LOT#WP001

Madison, NY 13402

Madison County

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Property

Property Type
Recreational Land, Timberland, Hunting Land
Road Frontage
County Road
Road Surface
Pavement

Land Details

Hay

Lake

Improvements/Features

Small Game, Big Game, Upland Game, Waterfowl, Fish, Seller's Mineral Rights Convey


Details

  • Unique agri-business opportunity and/or beautiful home or campsite
  • Existing business open June through September
  • Gross income approx. $12,000 - $15,000 per week
  • Approx. ~1030’ waterfront on Payne Brook & Upper Lake Moraine
  • 39 Greenhouses in place on approx. 8 tillable acres
  • Predominantly Lordstown Channery Silt Loam Soils (LsC) on 8-15% slope
  • Currently active speciality vegetable farm business to NYC market
  • Approx. 370’ road frontage
  • Located approx. 3.5 miles to Hamilton NY, home of nationally renowned Colgate University
  • Electric at the paved, year-round road
  • Area lakes for fishing and water-sports (Lake Moraine, Lebanon and Eatonbrook Reservoirs) approx. 10-15 minutes
  • Cooperstown and Syracuse - less than approx. one hour, Utica, NY approx. 30 minutes
  • Manhattan, NYC approx. 3.75 hours

Other

Coordinates

42.868, -75.511

Annual Taxes

$3,241

Josh Buell

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