7245 General Mahone Dr, Sussex County, VA

$699,900

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62.00

Acres

About 7245 General Mahone Dr

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.

Features of 7245 General Mahone Dr

MLS® # 10495464
Price $699,900
Bathrooms 0.00
Acres 62.00
Type Land and Farms
Status Active

Community Information

Address 7245 General Mahone Dr
Area Sussex
Subdivision Waverly
City Sussex County
State VA
Zip Code 23890

Amenities

Utilities Electric Avail, Telephone Avail
Is Waterfront No
Waterfront Not Waterfront
Has Pool No

Interior

Fireplace No

Exterior

Lot Description Cleared, Level, Wooded

School Information

Elementary OTHER
Middle Sussex Central Middle
High Sussex Central

Additional Information

Days on Market 365
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMOP Land and Farms Realty

Listing Map

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