Homes for sale - 83300 58th AVE, Thermal, CA 92274

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$9,900,000

Est. payment - /mo

59.03 Acres Lot

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UPDATED:

12/05/2024 05:15 AM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Vista Santa Rosa

MLS Listing ID 219120051DA

HOA Y/N Yes

Lot Size 59.030 Acres

Property Description

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.

Location

State CA

County Riverside

Area 316 - Thermal

Zoning A-1

Interior

Inclusions All Greenhouse Buildings, structures & attached equipment included

Fireplace No

Exterior

Fence Barbed Wire, Chain Link

Utilities Available Electricity Available, Electricity Connected

View Y/N Yes

View Mountain(s)

Building

Lot Description Agricultural, Flat

Sewer Unknown

Water Well

Others

Senior Community No

Tax ID 764170008

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Robert Castro • Arris Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

83300 58th AVE Thermal, CA 92274