199 ACRES WARM FARMGROUND
COACHELLA SLOPE
FEATURES
- Prime agricultural land on the warm Coachella slope
- Affordable priority Coachella Valley Water District (CVWD) irrigation water, one of the lowest priced water rates in the states
- Excellent soil for variety of crops
- The Coachella Slope is one of the earliest harvests in California and U.S.
- Low property taxes (Williamson Act)
- In an Opportunity Zone, which provides potential tax incentives
ASKING PRICE: $6,400,000 ($32,098/AC)
VICINITY MAP
Amenities
- Location: Property is located at the northeast corner of Fillmore St & Avenue 52 in Coachella, CA
- APN: 763-090-002 (80 AC), 763-100-003 (79.08 AC), 763-100-010 (40.31 AC)
- Parcel Size (According to County Assessor’s Information): 199.39 AC
- Zoning: AT- Agricultural Transition (Click to view zoning ordinance)
- General Plan: Neighborhood Center, General Neighborhood, Suburban Neighborhood (Click to view General Plan)
- Utilities:
Domestic Water: None in area
Sewer: None in area
Irrigation Water: Yes, CVWD Meter #1237, 1249, 1295 - Tile Drain Lines: Yes, TD-111, TD-146
- Agricultural Preserve: Yes
- Soils Type: GaB – Gilman Loamy Fine Sand, 0-5% Slopes; GcA – Gilman Fine Sandy Loam, Wet, 0-2% Slopes; Ir – Indio Fine Sandy Loam, Wet; It – Indio Very Fine Sandy Loam, Wet; MaB – Myoma Fine Sand, 0-5% Slopes; CdC – Carsitas Gravelly Sand, 0-9% Slopes
- Comments: Coachella is a pro-business city that promotes growth within the community. Planned bridge at Avenue 50 over the canal
will provide direct access to future proposed I-10 Interchange at Pierce Street.
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: 08/24/23 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