40 ACRE ORGANIC DATE RANCH
WITH OPPORTUNITY ZONE TAX INCENTIVES
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
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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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
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