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Adelanto,CA 92301
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25057560
Lot Size 9.690 Acres
Property Sub-Type Other Residential Land
Property Description
*** Please read*** Income-Generating 10-Acre Land Lease Opportunity with Solar Company, Prime Land in Adelanto City approximately 3 miles west of City Hall Exceptional investment opportunity! This 10-acre property is currently leased to a solar company, generating $12,000 per year in rental income. The lease term is 20 years, with an option for an additional 20 years. The solar company has a secured contract with LA Power to sell its generated electricity, with payments set to begin on 01/01/2026. However, due to financial delays, LA Power has postponed the electricity connection until 2028 or earlier. During this period, the solar company requests reduced annual payments of $3,000 for 2-3 years. Once the electricity connection is established (expected in 2027 or 2028), the solar company will resume the full $12,000 annual payment and has committed to purchasing the property for $100,000. Seller is offering this 10-acre parcel now for just $55,000-don't miss this incredible opportunity!
Location
State CA
County San Bernardino
Area Adl - Adelanto
Zoning DESB,DESF,LL
Exterior
Utilities Available Other
View Hills,Other,Panoramic
Building
Lot Description Grade - Level
Water Other
Others
Special Listing Condition Not Applicable