112.79 ACRES FARMGROUND FOR LEASE
COACHELLA, CA
FEATURES
- Prime farmground
- Previously farmed vegetables and herbs
- Reservoir
- Easy access to Expressway 86 & I-10
- One mile north of Thermal Airport
- Low cost Coachella Valley Water District (CVWD)
LEASE RATE: $400/AC/YEAR
VICINITY MAP
Amenities
- Location: The property is located at the northwest corner of Ave 54 and Tyler Street in Coachella, CA.
- Zoning: 45.2 Acres R-M Urban (20 – 38 units/Acre) and 67.59 Acres Manufacturing Service
- General Plan: IP (Industrial Park)
- Current Use: Farmground
- APNs/Parcel Sizes (According to County Assessor’s Information): 778-390-004 (4.85 AC), 005 (30.67 AC), 007 (77.27 AC)
- Flood Zone: Partially in 500 Year Flood Zone
- Utilities:
Electric: In street (Buyer to verify capactiy)
Water: 12” line in Tyler Street
Sewer: 12” sewer line in Avenue 54, 10” line in Tyler Street - Irrrigation: Meter #1498 (Two Delivery Points)
- Tiled: Yes, TD-431
WHAT IS AN OPPORTUNITY ZONE?
Why is investing in an Opportunity Zone better than a 1031 Exchange?
Temporary Deferral: Similar to a 1031 Exchange.
Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation.
Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.
For More Information click the button below.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 06/29/24 JC
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
DRE License #02229612