41.74 ACRES FARMGROUND
COACHELLA, CA
FEATURES
- Prime agricultural land in the Coachella Valley
- Easy access to Expressway 86 & I-10
- Adjacent to La Entrada Specific Plan, a 2,200-acre master-planned residential and commercial/mixed-use community, including a new I-10 Freeway Interchange
to connect to Avenue 50 - Planned bridge at Avenue 50 over the canal will provide direct access to future proposed I-10 Interchange at Pierce Street
- In the Opportunity Zone, providing tax benefits
- The City of Coachella is pro-growth and pro-business
ASKING PRICE: $1,327,332 ($31,800/AC)
VICINITY MAP
Amenities
- Location: Property is located at the northeast corner of Fillmore St & Avenue 50 in Coachella, CA
- APN/Parcel Size (According to County Assessor’s Information): 763-530-007
- Zoning: A-T (Agricultural Transition) (Click to view zoning ordinance)
- General Plan: Neighborhood Center, General Neighborhood
- Utilities: Irrigation: No
Electrical: In Street
Domestic Water: In Street - Soils: Cdc (Carsitas gravelly sand, 0-9% slopes)
- Tile Drain Lines: No
- Current Use: Vacant farm ground; Previously farmed to grapes
- Agricultural Preserve: Yes
- Fault Zone: Partially In
- Comments: Coachella is a pro-business city that promotes growth within the community.
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: 08/11/23 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