155.59 ACRES WARM FARMGROUND
COACHELLA VALLEY
ORANGE PARK RANCH
FEATURES
- Prime farmground
- Warm area 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 for a variety of vegetables, citrus, and grapes
- In Opportunity Zone providing attractive tax incentives
- Close proximity to Salton Sea provides a micro-climate which may assist in preventing frost during winter months
- In the Agricultural Preserve which offers low property taxes (Williamson Act)
ASKING PRICE: $3,111,800 ($20,000/AC)
VICINITY MAP
Amenities
- Location: Property is located south of Avenue 70 and east of Grant Street in North Shore, CA.
- Zoning: A-1-20 (Light Ag, 20-acre min. lot size)
(Click here for RivCo Zoning Ordinance) - General Plan: Agriculture
- APN/Parcel Sizes: Total of 155.59 acres: 729-120-001 (40 AC), 002 (39.1 AC), 008 (76.49 AC)
- Utilities:
Water: 12” transmission main in Highway 111 & Hayes St (approx. 1/4 mile)
Sewer: 18” sewer line at Hammond Rd & Ave 66 (approx. 3.25 miles northwest)
Irrigation Water: Meter #3670, 3698 - Tile Drains: Yes; TD-67, TD-278
- Ag Preserve: Yes
- Soils Type: GcA (Gilman fine sandy loam, wet, 0-2% slopes), CrA (Coachella fine sand, wet, 0-2% slopes), & It (Indio very fine sandy loam, wet)
- Current Use/Highest & Best Use: Vegetable farmground
- Lease: Leased until 6/30/26. Seller may terminate the lease in the event of a sale.
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: 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