Rare opportunity to own approximately 38 acres of income-producing land in Southbridge with an established solar energy facility operated by AES Renewable Holdings. The property currently generates approximately $24,750 in annual lease income with approximately 18 years remaining on the existing ground lease, providing stable passive cash flow for investors.In addition to the current income stream, the property offers long-term ownership of the underlying land with future potential following the expiration of the lease. Conveniently located with excellent accessibility, this unique offering combines dependable income with long-term land value, making it an attractive addition to an investment portfolio.The solar facility is currently operational, and the lease transfers to the new owner at closing. Buyer to perform all due diligence regarding the lease, future use, zoning, environmental matters, and all property characteristics.
- Sewer:
- Other
- Water:
- Other
- Electric Feature:
- Other (see Remarks)
- Gas:
- Other (see Remarks)
- Market Time:
- 26
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- M_
- Orig Price:
- $499,000
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Southbridge
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01550
- Longitude:
- W73° 59' 37.2''
- Latitude:
- N42° 4' 9.6''
Land
80 Dresser Hill Rd, Southbridge, Massachusetts
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $499,000
- Lot Area :
- 38 Acre
- Listing ID :
- 73553038
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
