132 ACRES PRIME FARMGROUND
COACHELLA VALLEY
SEAPOINTE RANCH
FEATURES
- Prime farmground
- Warm Mecca location with extended hours of sunlight provides one of the earliest harvests in the state
- Affordable Coachella Valley Water District (CVWD) irrigation water, one of the lowest water rates in California
- Excellent soils suitable for a variety of vegetables, citrus, and grapes
- In Opportunity Zone providing attractive tax incentives
- Excellent access with half-mile frontage of Highway 111
- In the Agricultural Preserve which offers low property taxes (Williamson Act)
ASKING PRICE: $2,645,800 ($20,000/AC)
VICINITY MAP
Amenities
- Location: Property is located at the southwest corner of Highway 111 and Grant Street in Mecca, CA.
- Zoning: A-1-10 (Light Ag, 10-acre min. lot size)
(Click here for RivCo Zoning Ordinance) - General Plan: Agriculture
- Parcel Size: 132.29 acres
- APN: 729-050-008 (2.34 AC), 012 (53.8 AC), 014 (76.15 AC)
- Utilities:
Domestic Water: 12” Main Line on Hammond St
Irrigation Water: Meter #3703, 3451, 3438, 8025 - Soils Type: CrA (Coachella fine sand, wet, 0-2% slopes), GcA (Gilman fine sandy loam, wet, 0-2% slopes), & SA (Salton fine sandy loam)
- Current Use/Highest & Best Use: Vegetable Farmground
- Agricultural Preserve: Yes
- Tile Drains: Yes; TD-33
- Lease: Leased until 6/30/26. Seller may terminate the lease in the event of a sale.
- Comments: Great agricultural opportunity in the desirable Coachella Valley. The property is located in the unincorporated area of Mecca, known for its prime farmground. The distant proximity to the mountains allows for extended hours of sunlight, making for early harvest.
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: 07/05/24 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