242.1 ACRES PRIME FARMGROUND
COACHELLA VALLEY
POTATO CREEK RANCH
FEATURES
- Prime farmground
- Located next to Mecca Community Center
- 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
- Adjacent to new retail and medical facility, Boys and Girls Club, and new park with potential for future development
- Excellent soils for a variety of vegetables, citrus, and grapes
- In Opportunity Zone providing attractive tax incentives
ASKING PRICE: $5,326,200 ($22,000/AC)
VICINITY MAP
Amenities
- Location: The property is located at the southwest corner of Johnson St & Avenue 66 in Mecca.
- APN: 727-272-026 (72.71 AC), 027 (149.64 AC), 032 (8.14 AC), 033 (11.61 AC)
- Parcel Size: 242.1 acres
- Zoning: A-1-20 (Light Agriculture, 20 ac min.), M-U (Mixed Use)
(Click here for RivCo Zoning Ordinance) - General Plan: Agriculture & Mixed Use Area
- Utilities:
Domestic Water: 12” main on Hammond Rd, Ave 66, and Johnson St
Irrigation Water: Yes; Meter #: 3453, 3455, 3436, 4969, 3461
Sewer: 6” force main on Johnson St, 10” gravity sewer on Ave 66 bypass, 18” gravity sewer on Hammond Rd - Tile Drains: TD-228, TD-641
- Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), McB (Myoma fine sand, wet, 0-5% slopes), Ir (Indio fine sandy loam, wet), It (Indio very fine sandy loam, wet)
- Agricultural Preserve: No
- Lease: Leased until 6/30/26. Seller may terminate the lease in the event of a sale
- Comments: The Coachella Valley’s agricultural sector is among the largest crop-growing regions in the state. The unincorporated area of Mecca is especially attractive for farming due to its long hours of daylight and 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.
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