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Listed by Henry Liu, DRE #01378289 • CBD Investment Inc.
$ 4,400,000
Est. payment /mo
Active
59375 Lincoln Thermal, CA 92274
157 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26022666
Lot Size 157 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property 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 asse
Location
State CA
County Riverside
Area 316 - Thermal
Zoning AGC
Exterior
View None
Building
Water Well - Agricultural / Other
Others
Tax ID 717240016
Special Listing Condition Not Applicable
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