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Listed by Chad J Majewski • Chad Majewski Real Estate
$ 1,350,000
Est. payment /mo
New
2778 State Highway 67 Mohawk, NY 12095
1,944 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
Square Footage 1,944 sqft
Price per Sqft $694
MLS Listing ID 202627530
Annual Tax Amount $5,580
Lot Size 132.000 Acres
Acres 132.0
Lot Dimensions 1353x132
Property Sub-Type Farm
Source Global MLS
Property Description
Rare opportunity in the Fonda-Fultonville Central School District to acquire approximately 132 acres offering an exceptional combination of established income and long-term land value. An expansive solar farm currently operates under a long-term lease with 20+ years remaining. The lease currently generates more than $20,000 annually, with scheduled increases bringing annual income to over $50,000 by the end of the current term. Two additional extension options offer even greater long-term upside, with potential remaining lease revenue exceeding $1.5 million if both extensions are exercised. Complete lease and rent schedule available for qualified buyers. Beyond the solar operation, substantial additional acreage provides considerable added value and opportunity, with potential for continued agricultural use, subdivision, development, or other uses, subject to lease terms, zoning and municipal approvals. The property is further improved with a single-family mobile home serviced by private well and septic, along with a barn and several additional outbuildings. A unique opportunity to acquire a significant 132-acre holding with increasing passive income, existing infrastructure and improvements, valuable additional acreage, and substantial long-term investment potential.
Location
State NY
County Montgomery
Zoning Commercial
Direction Route 67 Across from FMCC
Interior
Heating None
Building
Sewer Septic Tank
Water Well
New Construction No
Others
Tax ID 273289 22.-2-3.1
