VL Colt Rd, Portland, NY 14769

$1,499,900

bedrooms

bathrooms

square feet

Acreage

162.5

Open Houses

year built

Full Baths

Half Baths

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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 .

Location
Subdivision	-
County	Chautauqua
Elementary School	-
Middle School	-
High School	-

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MLS number: 11090124

Listing agent: Paul Vaicunas

Listing broker: Whitetail Properties Real Estate Llc

Last update: Tuesday, January 14 2025 at 10:54 p.m. EST

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