120 ACRES WARM FARMGROUND
COACHELLA VALLEY
FEATURES
- 120 acres prime warm farmground on the Coachella Slope
- Excellent soil for a variety of crops
- The Coachella Slope is one of the earliest harvests in California and the U.S.
- In the Opportunity Zone with potential for tremendous tax benefits
- Affordable & abundant Coachella Valley Water District (CVWD) irrigation water, one of the lowest priced water rates in the state
- In AgPreserve, keeps property taxes low
- Low-Cost Water with Coachella Valley Water District
PRICE: $3,000,000 ($24,917/AC)
VICINITY MAP
Amenities
- Location: Property is located at southeast corner of Ave 54 & Pierce St in Thermal, CA
- Use: 100 acres vacant farmground
- Zoning: A-1-20 (Light Ag, 20-acre min. lot size) & A-2-20 (Heavy Ag, 20-acre min. lot size)
- General Plan: Agriculture
- APN/Parcel Size: 763-380-008 (40.40 AC), 763-380-010 (80 AC)
- AgPreserve: Yes, In
- Soils Type: CdC (Carsitas gravelly sand, 0-9% slopes),
MaB (Myoma fine sand, 0-5% slopes) - Utilities:
Irrigation Water: Meter #1305
Reservoir: Yes - Terms: Cash
- Comments: Unique opportunity to acquire 120 acres of prime warm farmground.
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.
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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: 07/27/23 JC
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492