VL Colt Rd, Portland, NY 14769

Other
THB ฿50,729,403
USD $1,499,900
Published on: 05 Jul 2022
Last updated on: 16 Jan 2025
VL Colt Rd, Portland, NY 14769
VL Colt Rd, Portland, NY 14769
VL Colt Rd, Portland, NY 14769
+22
VL Colt Rd, Portland, NY 14769
  • 22
Property ID: 110078031280
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Vacant Land - Portland, NY

VL Colt Rd, Portland, NY 14769
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 .

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
657,614.75 m2
Architecture Style
Other
County
Chautauqua
Parcel ID
066089-178.000-0002-047.001
Provider
My State MLS
Brokerage Office Name
WHITETAIL PROPERTIES REAL ESTATE LLC
Address
VL Colt Rd, Portland, NY 14769
Contact Agent
Paul Vaicunas
WHITETAIL PROPERTIES REAL ESTATE LLC (NY)
121 SOUTH MADISON ST, PITTSFIELD, IL 62363
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Paul Vaicunas
121 SOUTH MADISON ST, PITTSFIELD, IL 62363
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      Property ID: 110078031280

      Data provided by My State MLS, MLS #: 11090124
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