Recreational Land & Farm for Sale in Portland, New York
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 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
Property details
- County
- Chautauqua County
- Elevation
- 1,096 feet
- Date Listed
Parcels
- 066089-178.000-0002-047.001
Property taxes
- 2024
- $10,410 - Annual property tax
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 29, 2023 | Relisted | $1,499,900 | — | — |
| Dec 29, 2023 | Listing removed | $1,499,900 | — | — |
| Aug 24, 2023 | Price decrease | $1,499,900 | $450,100 -23.1% | — |
| July 13, 2022 | New listing | $1,950,000 | — | — |
