Address
7245 General Mahone DR, Waverly, VA
Price
$ 699,900
Property Attributes
  • MLS#10495464
  • TypeLand
  • CountySUSSEX
  • CityWaverly
  • AreaSussex
  • NeighborhoodWaverly
  • Zip23890
  • StyleLand and Farms
  • Taxes$ 1800
  • Price$ 699,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size62 Acres
Data Source:
Real Estate Information Network (REIN)
Property Description

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.

Elementary School Middle School High School
Other Elementary School Sussex Central Middle Sussex Central High School

General Features

Road Frontage State
Use Possible Agriculture,Industrial,Recreational
Utilities Electric Avail,Telephone Avail
Ownership Type Simple
Waterfront Description Not Waterfront
Property Type Land and Farms
Area 71 - Sussex
Subdivision Name WAVERLY
Elementary School Other Elementary School
High School Sussex Central
Middle School Sussex Central Middle

Exterior Features

Tree Description Partial
Improvements None
Road Surface Paved
Fence Description None
Buildings None
Land Description Cleared,Level,Wooded
Lot Size 50.1 to 100 Acres

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 23890

Price
AVG $270K
$700K
Taxes
AVG $810
$1,800
Visits
AVG 212
310
Data Provided by Inside Real Estate®