83300 58th ave, Thermal, CA 92274
| Property type: | Land |
| MLS #: | 219120051DA |
| Days On Market: | 386 |
| Listing Date: | November 15, 2024 |
| County: | Riverside |
Property Details
The subject property is located in the City of La Quinta Sphere of Influence (SOI) The current local governing agency is the County of Riverside in the Vista Santa Rosa Community. The future Low Density Residential designation on The City of La Quinta General Plan 2035 is consistent with recent Vista Santa Rosa Community board input, regarding future land use. Possible 200 unit residential subdivision. 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 Boxstores in Southern California. The original greenhouse improvement costs excluding the land exceeded the current asking price of the property by several million dollars. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. Cannabis Hemp cultivation for CBD oil production was the most recent agriculture activity at the Nursery facility. A new owner could consider leasing the greenhouse to a new CBD cannabis grower tenant. The property could also be operated as a wholesale nursery to the landscape construction & maintenance industry in the Coachella Valley.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.Interested in this Listing?
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Land Info
| Directions: | Frontage on Avenue 58. Jackson St. is 1500 LF west of property |
| Ingress, Egress: | Avenue 58 |
| Potential Land Use: | Agricultural,Farm,Investment,Nursery,Residential,Single Family |
| Present Land Use: | Agricultural,Farm,Nursery,Tree Farm |
| View: | Mountains |
Infrastructure
| Disclosures: | As Is |
| Fenced: | Chain Link with top Security Razor |
| Improvements: | 14 Acres of Greenhouses |
| Inclusions: | All Greenhouse Buildings, structures & attached equipment included |
| Road Frontage: | County Road |
| Sewer: | Unknown |
| Trees: | Palm Trees |
| Water: | Storage Tank(s), Well |
Community
| Tract Name: | Vista Santa Rosa |
Detailed Map
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Active
$ 9,900,000
59.03Acres
$ 167,711per ACRE
2,571,347 ft2Lot Size
Land
