Property profile

0 Vine Rd Corning, CA 96021

OFF-MARKET
Land
140.07 ac lot
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Property summary

AI-generated overview

This exceptional 140.07-acre agricultural property in Corning, CA, presents a unique investment opportunity. Comprised of fourteen 10-acre parcels (approximately), this land offers significant flexibility for various uses. Previously used for walnut cultivation, the trees have been removed, leaving the land ready for immediate repurposing. The property's AG-2 zoning allows for agricultural pursuits, and its proximity to Corning (approximately one mile) and Red Bluff (approximately twenty miles) provides convenient access to infrastructure and amenities. The parcels may be purchased individually or as a whole, presenting a range of acquisition options. Neighboring properties feature existing homes, suggesting potential for residential development or expansion of existing homesites, subject to applicable regulations. The absence of Williamson Act enrollment offers additional development possibilities. The property's APN numbers are 067-270-002, 004, 005, 007, 067, 071-078, & 084. The asking price is $1,680,840. This land presents a compelling opportunity for agricultural expansion, residential development, or a combination thereof. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 140.07 ac (6,101,449 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Vine Rd Corning, CA 96021
Corning metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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