Operational U-Cut Christmas tree farm and potential building lot. This is an opportunity to buy an operational U-Cut Christmas tree farm (over time) while learning the farming processes from the current owner. The buyer will become a farming partner with option to buy in 2027.
The farm consist of 14+ acres total with about 3 acres planted with 2000+ fir trees in various stages of growth. Each year, after the harvest season, approximately 100 to 200 cut trees are replaced with new seedlings thus keeping the growing cycle continued.
Current owner needs to phase out of activity due to age but would like to see someone with common interest take possession. The mechanics of transitioning ownership are negotiable but, until the 2027 sale season concludes, current owner will retain possession and sales rights. Thereafter the buyer will have sole possession.
The property is approximately 7 miles northeast of Binghamton, NY and has excellent hunting grounds for an outdoor enthusiast. Grounds can accommodate building a new home or a clearing a site for a camper. There are currently no improvements (no buildings, wells or electrical service) but electrical lines run at roadside.
The property was appraised at $40000.00 in May of 2024. Owner estimates the standing value of the 2000+ trees at $15.00 each. Consequently, total asking price is $70000.00
Pending transfer of possession, annual sales of cut trees should be approximately $6000.00to 10000.00.
If interested call for an appointment to inspect the property and discuss potential purchase.