40 ACRE ORGANIC DATE RANCH
WITH OPPORTUNITY ZONE TAX INCENTIVES

40 AC Ave 66 & Jackson, TH Main Image
N OF AVENUE 66/E OF JACKSON, THERMAL, CA

FEATURES

  • Organic date ranch with approx. 1,856 producing medjool & deglet date trees
  • Abundant low cost water
  • Wonderful open country atmosphere, but close to all the conveniences
  • In an area of many exclusive equestrian estates
  • Close proximity to Coachella & Stagecoach Music Festivals, acclaimed Madison Club, Desert International Horse Show, and many more!
  • 3 miles from Thermal Club, a premier motorsports facility with members-only race track
  • In Opportunity Zone with potential for tremendous tax benefits

PRICE: $2,150,000 ($53,750/AC)

VICINITY MAP

AERIAL & SITE AMENITIES
40 AC Ave 66 & Jackson, TH Tilted Aerial

Amenities

  • Location: Property is located north of Avenue 66 east of Jackson St in Thermal, CA.
  • APN: 753-140-007
  • Parcel Size: 40 acres
  • Zoning: A-1-10 (Light Ag, 10-acre min. lot size)
  • General Plan: IND (Indian Jurisdiction)
  • Utilities:
    Electrical: In Street
    Irrigation Water: Meter #4305
    Domestic Water: 24” line in Ave 66 & Tyler
    Sewer: 18” line in Ave 66 & Polk
    Tile Drain Lines: Yes; TD-510
  •  Soils: IT (Indio very fine sandy loam, wet)
  • Current Use: Organic date ranch
  • Terms: Cash
  • Tree Counts: Medjools: 640
                                 Deglets: 1,216

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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Disclaimer

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: 12/05/22 JC

Contact
Susan Harvey Profile Photo

Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590

Ranked #1 in the Coachella Valley for Commercial Real Estate

Paula Turner Profile Photo

Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492