0 Pierce St & Airport Blvd

Thermal , CA 92274

MLS#: 219058929DA

$11,651,400

Status: Active
Listing number: 219058929DA
Listing provided by: Desert Pacific Properties
Listing agent phone: None
Last update: 3 months ago
On site: 4 years ago
Browse Properties
Thermal - Land

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

194.19 acres

Prime Coachella Valley Date Ranch. In the Opportunity Zone. In the sphere of influence of the City of Coachella, one of the fastest growing cities in Riverside County. Near Thermal Motorsports Club and Jacqueline Cochran Regional Airport. Easy access to Expressway 86 and I-10. Irrigated with Coachella Valley Water District, one of the lowest water rates in California. Prime fertile soil along the warm Coachella slopes.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    Mountain(s)

Area & Lot

  • Lot Features

    Agricultural, Level

  • Lot Size(acres)

    194.19

  • Property Type

    Land

Price

  • Sales Price

    $11,651,400

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    Yes

  • Association Fee Includes

    N/A

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

  • Sewer

    Unknown

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Location

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Listing Courtesy of Susan Harvey , Desert Pacific Properties

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Prime Coachella Valley Date Ranch. In the Opportunity Zone. In the sphere of influence of the City of Coachella, one of the fastest growing cities in Riverside County. Near Thermal Motorsports Club and Jacqueline Cochran Regional Airport. Easy access to Expressway 86 and I-10. Irrigated with Coachella Valley Water District, one of the lowest water rates in California. Prime fertile soil along the warm Coachella slopes.

0 Pierce St & Airport Blvd

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Related Properties

Price reduced
The subject property is located in the County of Riverside (COR) Vista Santa Rosa Community. The COR General Plan Foundation Policy overlay is Community Development (CDO), meaning land use may be low to high density residential among the many uses allowed under this zone classification. The property is also in the City of La Quinta Sphere of Influence (SOI), meaning the development could be entitled through the COR and the annexed into the City of La Quinta in the future. Sewer is at Jackson St.The property was originally developed as a Coachella Valley based nursery by a wholesale nursery company that distributed its products to Big Box stores in Southern California. Original greenhouse improvement costs ($15 MM) excluding the land, far exceeds the current asking price. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. County of Riverside permitted Cannabis Hemp cultivation for CBD oil production is the most recent agriculture activity at the Nursery facility. Approximately 14 acres of greenhouse is being leased to third parties cultivating Hemp. Rental per acre per month is $8,000 per month. Current General Manager with knowledge base and notoriety in the CBD hemp cultivation industry, willing to work for new ownership, to manage rental income activity moving forward.The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.
#219120051DA

Thermal

83300 58th Avenue

None Beds

None Baths

59.03 acres

$9,650,000

MLS#: 219120051DA

- property

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