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: 9/28/2020

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
Property Located Between: Ave 48 & Polk St
Property Visibility: Excellent
Largest Nearby Street: Highway 86
Topography: Level
Soil Type: Sandy
Available Utilities: Water, Sewer

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 35,351 84,895
Median Age: 25.78 27.68
Households: 8,125 21,215


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