Catylist ID:
#30614220
120 Acres Lemons & Farmground In the Path Of Growth
Vacant Land
for Sale
| Catylist Listing ID: | 30614220 |
| Property Subtypes: | Agricultural |
| Gross Land Area: | 120 Acres |
| Sale Price: | $4,200,000 |
| Unit Price: | $35,000 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/17/2020 |
Overview / Comments
|
• Early/Warm farmground in the path of growth • 30 acres lemons & 90 acres vegetable ground • 3,000 Corona Foothill lemons with 18' x 22' spacing planted in 2017. 2019 production was 4,170 field boxes • Affordable Coachella Valley Water District irrigation water, one of the lowest priced water rates in the state • Adjacent to Vista Del Agua, a 275-acre approved Specific Plan calling for 1,460 residential units and 25 acres of commercial and open space • In the Opportunity Zone with potential for tremendous tax benefits |
Attachments & Media
Additional Details
| Nearest MSA: | Riverside-San Bernardino-Ontario |
| County: | Riverside |
| Tax ID/APN: | 603-340-001, 603-340-002, 603-340-003, 603-340-004, 603-340-005 |
| Zoning: | C-G (GENERAL COMMERCIAL) |
| Property Located Between: | Ave 48 & Polk St |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Highway 86 |
| Topography: | Level |
| Soil Type: | Sandy |
| Available Utilities: | Water, Sewer |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 35,351 | 84,895 |
| Median Age: | 25.78 | 27.68 |
| Households: | 8,125 | 21,215 |
Sponsoring Organization
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