0 Richardson Road, Adelanto, CA 92301
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Listed Price :
$55,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
0 Richardson Road |
| City |
Adelanto |
| State |
CA |
| Zip |
92301 |
| County |
San Bernardino |
| Listing Agent |
Mohamad Lababidi DRE #02077517 |
| Courtesy Of |
EXP REALTY OF CALIFORNIA INC |
| List Price |
$55,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
422,096 |
Listing information courtesy of: Mohamad Lababidi, EXP REALTY OF CALIFORNIA INC. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 16th, 2025 at 1:49 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
