Unknown, Hancock, NY 13783

7 Photos
 
$70,000 Sold Price
Sold on 5/29/2019
 
Listing ID 10566702
Property Type Commercial
County Delaware
Township Hancock
FEMA Flood Map fema.gov/portal
   
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Cell Tower Lease and 2 Acres

Great opportunity for some passive income. Approximately 2 acres of land which has an existing cell tower on it, owned by someone else. Tower owner pays rent as follows: $4,563/year till 2020. If tenant chooses to renew each period, rents are: 2020-2025 annual rent is $5,247. 2025-2030 annual rent is $6,034. 2030-2035 annual rent is $6,939. 2035-2040 annual rent is $7,980. 2040-2045 annual rent is $9,177. 2045-2049 annual rent is $10,554. Total potential rent is $235,000+ over lease periods. Landowner pays minimal real estate taxes while tower company pays the most. Also available as 93 acres of land with tower lease for $165,000. OR 91 acres vacant land only (no tower lease) for $89,900.
Property Details
  • 2.00 Acres
Exterior Features
  • Land Lease
Sale Information
  • Sold on 5/29/2019
  • Sold for $70,000
  • Buyer's Agent: Christopher Gross
  • Company: UPPER DELAWARE REAL ESTATE
Previously Listed By
UPPER DELAWARE REAL ESTATE
Office: 607-637-5588
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