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74 Pierce St & Ave Thermal, CA 92274

Sponsored
For Sale
$26,393,250

1,055 Acres, Expressway 86 frontage

Description

Added:
Dec 11, 2024
Days on Market:
397
This exceptional 1,055.73-acre agricultural property in Thermal, California, boasts a prime location with half a mile of frontage on Expressway 86. Currently utilized as farmland and a date ranch, this land benefits from an ideal climate for first-to-market crops and an abundant, low-cost water supply provided by the Coachella Valley Water District. The property is situated within an Opportunity Zone, offering significant tax incentives for investors. Low property taxes are ensured through the Williamson Act. The Riverside County General Plan designates potential future uses including a Business Park, Medium Density Residential, and Commercial development, presenting diverse investment opportunities. The property's APN is 749-260-004, 005, 749-270-004, 005, 755-142-005, 006, 014 and is zoned A-1-10 (Light Ag, 10-acre minimum lot size). Located just 40 miles from Palm Springs and 75 miles from the Mexicali Trade Area – a burgeoning export hub for various industries – this property offers unparalleled potential for growth and return. The address is Pierce St & Ave 74, Thermal, CA 92274.

Property Features for 74 Pierce St & Ave

General Information

Property type
Farms
Lot Size
45,987,599 SF

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Thermal
County
Riverside
State
California
Longitude
-116.11276068301
Latitude
33.510754165572

FAQs

What type of property is this?
Farm - 1,055 Acres, Expressway 86 frontage
Where is this farm located?
The property is located at 74 Pierce St & Ave Thermal, CA.
What is the asking price?
The asking price for this property is $26,393,250.
More about this property
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