Road 164 & Avenue 384 Visalia, CA 93292

Listing Agency Schuil Ag Real Estate

Listed by Curtis Travioli · License #02234076

Source Crexi

Added: Aug 13, 2024 Checked: Jul 16 at 8:25 am

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Investment Insights

Based on property information with market context.

The property consists of approximately 60 assessed acres of open land situated at the northwest corner of Road 164 and Avenue 384, just east of Seville, California. Previously utilized for olive farming, the land is located within the Stone Corral Irrigation District and is part of East Kaweah GSA. The property benefits from surface water deliveries, averaging approximately 1.3 acre feet per acre at a cost of $205 per acre foot. Water is also accessible via two agricultural wells located on the premises. The soil composition is classified as Porterville clay with slopes ranging from 0 to 2 percent. The property is identified under Tulare County APN: 035-110-009 and is currently enrolled in the Williamson Act. Note that the Sustainable Groundwater Management Act (SGMA) mandates groundwater basins to achieve sustainability by 2040, requiring a Groundwater Sustainability Plan (GSP) by 2020, which may impose limitations on groundwater pumping.

Key Highlights

• +/-60 Acres of Open Land in Seville, CA
• Located in Stone Corral Irrigation District with surface water deliveries averaging +/-1.3 acre feet per acre.
• Two (2) Ag wells on the property.

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FAQs

What type of property is this?

Agricultural land / Farmland - 60 acres of open land near Seville, California.

Where is this agricultural land / farmland located?

The property is located at Road 164 & Avenue 384 Visalia, CA.

What is the asking price?

The asking price for this property is $1,080,000.

What are key features of this property?

This property features: +/-60 Acres of Open Land in Seville, CA; Located in Stone Corral Irrigation District with surface water deliveries averaging +/-1.3 acre feet per acre.; Two (2) Ag wells on the property.