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    OFF-MARKET
    Land

    2 Acres, Borrego Springs, CA 92004

    968 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses two contiguous parcels totaling 968 acres in Borrego Springs, California (APN: 018-170-001 & 018-170-019). The property, zoned S-2 (Open Space/Preservation), presents significant potential for solar energy production and related ventures. Parcel 018-170-001 comprises 648.20 acres, while parcel 018-170-019 adds another 320 acres. The land's strategic location near an existing solar field ensures ample sunlight, making it highly suitable for large-scale solar development. The S-2 zoning allows for a variety of uses beyond solar, further enhancing the property's versatility. Government incentives and rebates are available to support energy generation projects, offering additional financial advantages to the buyer. The asking price is $2,420,000, translating to $2,500 per acre. This represents a compelling opportunity to capitalize on the growing renewable energy sector in a prime desert location. The property is situated in Imperial County, CA, zip code 92004, with coordinates 33.2566501 latitude and -116.3749797 longitude.

    Property profile
    Verified
    Property type Land
    Lot 968 ac (42,166,080 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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