$699,900 | 7245 General Mahone Drive
ACRES: 62.00Request More Information
Investment opportunity for a property with a long term solar lease in place awaiting approval form Dominion Energy. Construction of a 6.88 MW project expected to begin in late 2024. 64 K annually with a 1% escalation for each of 20 years. Other options available at end of lease. Option to sell for lump sum available to owner once construction begins. Solar company to pay taxes. Property located next to Prince George Electric Co-Op. 20 acres of 12 year old pines offer further investment opportunity for harvesting in a 7-8 years.
Property Details
Listing Price | 699900.00 |
MLS# | 10495464 |
Listing Status | Active |
Listing Type | Land and Farms |
Subdivision Name | WAVERLY |
Neighborhood Name | |
Area Name | 71 - Sussex |
Ownership | Simple |
Listing Office | |
Added to Website | Jul 20, 2023 |
Acres | 62.0000 |
Land Description | Cleared,Level,Wooded |
Lot Size | 50.1 to 100 Acres |
Improvements | None |
Fence | None |
Tree Description | Partial |
Road Surface | Paved |
Frontage | State |
Water Description | Not Waterfront |
Taxes | $1,800.00/yr |
Public Schools
School District | Sussex County Public Schools |
Middle School |
Sussex Central Middle (13 mi) 21356 Sussex Drive Stony Creek, VA 23882 (434) 246-2251 |
High School |
Sussex Central High (12 mi) 21394 Sussex Drive Stony Creek, VA 23882 (434) 246-6051 |
Private Schools
Tidewater Academy (6 mi) 217 W Church St, Wakefield, VA 23888 (757) 899-5401 |
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