Solar farm lease included! 19+/- years remaining on initial lease. $23,083 paid annually. $438,577 value. Solar farm pays all expenses including taxes. Annual tax is high because it is based on solar use. Taxes are also paid by solar co in addition to lease of 23,083. Great passive income producing property. Solar farmed purchased by large solar co. No escalators on initial term. Tenant has the option and right to elect to extend this lease for up to an additional four (4) five (5) year terms. Rent for the first year of such renewal term shall be equal to 125% of the annual rent amount of the prior lease year and the rent for the remainder of such Renewal Term shall be the same as the annual rent of the first year of such Renewal Term. Solar farm only leases front 7 acre parcel. Can use back land for other uses, as allowed by Town- buyer to do diligence for additional land. Solar co not interested in expanding at this time.
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Last Checked: May 7th, 2024 at 5:36am (Source: MLS PIN #73145271)
General Information for 215 Providence Rd, Grafton MA 01560
Listing ID73145271
Price329900
Land TypeCommercial
Approx AcresApprox. 27.98 acres (1,218,809 SqFt)
Number of Lots
Road Frontage Type
ZoningR4
Electric220 Volts
GasNone
WaterAt Street
SewerAt Street
PERC Test
Association Required
Association Fee
Lot FeaturesGentle Sloping
Waterfront Features
View
Disclosures for 215 Providence Rd, Grafton MA 01560
Special Listing Conditions
Buyer Agent Compensation2
Facilitator Compensation0
Financial Information for 215 Providence Rd, Grafton MA 01560
Association Fee
Tax23438
Tax Year2023
Assessed Value$1,491,900
Contact Information for 215 Providence Rd, Grafton MA 01560