Search Land - Wind Generation Potential

Wind Generation Potential

price

$60,000|Listed: Dec 17, 2024

MLS#1251351

location

55th St W & Real Street, Mojave, Kern County, California

Status:Active

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Property Type

  • Acreage

Acreage

10 acres

County

Kern, California

Format

Sale

Features

  • Electricity

Description

This is one of two adjacent 10-acre parcels that are located within an operating Berkshire Hathaway Wind Farm. The property was previously leased by the wind farm developer but failed to obtain a royalty generating wind turbine when an adjacent land owner refused to participate. That issue is being resolved and a wind turbine that would generate royalty payments has now become feasible. The owners do not have time to wait and would prefer to sell now. For an idea of the upside, a similar 20 acres with two wind turbines is up for sale for $1.5 million at a 4% cap rate.

Listing Agent

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Ron Halcrow

Co-Op Member Owner

location

Newhall

Co-op Approved Lender

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