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    OFF-MARKET
    Land

    0 Vine Rd, Corning, CA 96021

    140.07 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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