REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 499,000
Est. payment | /mo
38 Acres Lot
$ 499,000
Est. payment | /mo
38 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73553038
HOA Y/N false
Annual Tax Amount $10,017
Tax Year 2025
Lot Size 38.000 Acres
Acres 38.0
Property Sub-Type Residential
Property Description
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.
Location
State MA
County Worcester
Zoning M_
Direction Use GPS
Building
Lot Description Other
Sewer Other
Water Other
Others
Senior Community false
Listed by Serhant
Nearby Locations
GET MORE INFORMATION
Steven Steiner
Broker License ID: 068128
steven@whitehillestatesandhomes.com
48 Maple Manor Rd, Center Conway , New Hampshire 03813, USA