Description
An exceptional opportunity to acquire 157.69± acres of prime agricultural land located at the northwest corner of Lincoln Street & Avenue 60 in Thermal, CA, positioned high on the Coachella Valley slope, an area renowned for its early harvest cycles and superior growing conditions. Since the current ownership acquired the property, the seller has subsequently invested approximately $500,000 in brand-new on-site infrastructure, including the installation of new underground pipeline and irrigation systems, significantly enhancing the functionality, efficiency, and long-term value of the land. This capital improvement materially reduces future development and operational costs for the next owner. The property benefits from Coachella Valley Water District (CVWD) irrigation water, offering some of the lowest agricultural water rates in California, a critical competitive advantage for long-term farming operations. The soil quality is well-suited for a wide range of crops, including vegetables, citrus, and grapes, making the property highly versatile for diverse agricultural uses. Located within an Opportunity Zone, the property may qualify for attractive tax incentives, and is further situated within an Agricultural Preserve under the Williamson Act, providing reduced property tax assessments and enhanced holding efficiency. With excellent access via Interstate 10 and Highway 86, this property offers both operational convenience and long-term appreciation potential in one of Southern California's most productive agricultural regions.
Details
| MLS # | AR26022666 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 256 |
| Listing Provided By | CBD Investment Inc. | Henry Liu |
Features
| Zoning | Commercial / Farms |
|---|---|
| Acreage | 157.69 |
| Property View | None |
Exterior
| Lot Features | Agricultural |
|---|
Utilities
| Utilities | Water Available |
|---|
Location
| Community Features | Rural |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Thermal |
| Zip Code | 92274 |
| Area | 316 Thermal |
| Listing VS Median (in 92274) | |
Price: $4,400,000 low | high Med: $225,000 On site: 256 low | high Med: 180 | |
Market Activity 92274
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Thermal |
| Zip Code | 92274 |
| Area | 316 Thermal |
| Listing VS Median (in 92274) | |
Price: $4,400,000 low | high Med: $225,000 On site: 256 low | high Med: 180 | |