Sold Aug 7, 2026
$500,000About this home
Rare opportunity to own approximately 38 acres of income-producing land in Southbridge with an established solar energy facility operated by AES Renewable Holdings. The property currently generates approximately $24,750 in annual lease income with approximately 18 years remaining on the existing ground lease, providing stable passive cash flow for investors.In addition to the current income stream, the property offers long-term ownership of the underlying land with future potential following the expiration of the lease. Conveniently located with excellent accessibility, this unique offering combines dependable income with long-term land value, making it an attractive addition to an investment portfolio.The solar facility is currently operational, and the lease transfers to the new owner at closing. Buyer to perform all due diligence regarding the lease, future use, zoning, environmental matters, and all property characteristics.
Listing last checked: Listing updated:
Listed by The Boston One Team · Serhant · MLS #73553038
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building1 property facts
- Style
- Residential
Land & utilities5 property facts
- Lot size
- 38 acres
- Water
- Other
- Sewer
- Other
- Pool
- Not reported
- Zoning
- M_
Financial2 property facts
- Annual taxes
- $10,017
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $499,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,358 / monthAdjust
- Principal & interest
- $2,523
- Property tax
- $835
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $10,017. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $465,383
Estimated range $349,313–$581,452.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisComparable properties 2 supplied
Sold Aug 7, 2026
$500,000Lot 1 Long Hill Road
Photo-based condition insights
Overall presentation: poor
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About 80 Dresser Hill Rd
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