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$ 4,400,000
Est. payment | /mo
157.69 Acres Lot
$ 4,400,000
Est. payment | /mo
157.69 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26022666
HOA Y/N No
Lot Size 157.690 Acres
Property Description
An exceptional opportunity to acquire 157.69± acres of prime agricultural land located at the northwest corner of Lincoln Street & Avenue 60 in Thermal, CA, positioned high on the Coachella Valley slope, an area renowned for its early harvest cycles and superior growing conditions. Since the current ownership acquired the property, the seller has subsequently invested approximately $500,000 in brand-new on-site infrastructure, including the installation of new underground pipeline and irrigation systems, significantly enhancing the functionality, efficiency, and long-term value of the land. This capital improvement materially reduces future development and operational costs for the next owner. The property benefits from Coachella Valley Water District (CVWD) irrigation water, offering some of the lowest agricultural water rates in California, a critical competitive advantage for long-term farming operations. The soil quality is well-suited for a wide range of crops, including vegetables, citrus, and grapes, making the property highly versatile for diverse agricultural uses. Located within an Opportunity Zone, the property may qualify for attractive tax incentives, and is further situated within an Agricultural Preserve under the Williamson Act, providing reduced property tax assessments and enhanced holding efficiency. With excellent access via Interstate 10 and Highway 86, this property offers both operational convenience and long-term appreciation potential in one of Southern California's most productive agricultural regions.
Location
State CA
County Riverside
Area 316 - Thermal
Zoning Commercial / Farms
Interior
Fireplace No
Exterior
Community Features Rural
Utilities Available Water Available
View Y/N No
View None
Building
Lot Description Agricultural
Water Agricultural Well
New Construction No
Others
Senior Community No
Tax ID 717240016
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Lease Land No
Listed by Henry Liu CBD Investment Inc. 626-688-2208, DRE #01378289
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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