320 And Ivanhoe Dr Visalia, CA 93292
This exceptional 65.37-acre agricultural property, located at the northeast corner of Avenue 320 and Ivanhoe Drive in Visalia, CA (zip code 93292), presents a unique investment opportunity. The land is comprised of two blocks: a 27-acre block planted with Vina walnuts and a 37-acre block featuring approximately 25-year-old Chandler walnuts. Currently not under cultivation, the property offers significant redevelopment potential. The property includes a well and a newly installed water-conserving irrigation system. However, it's important to note that the property is situated within the Kaweah Delta Water Conservation District (currently without water deliveries) and the Greater Kaweah GSA. The Tulare County APN is 108-080-028. Detailed soil information is available upon request. Prospective buyers should be aware of the implications of the Sustainable Groundwater Management Act (SGMA) and its potential impact on groundwater pumping. Further details regarding SGMA and Groundwater Sustainability Plans (GSPs) can be found on the SGMA website. This property is priced at $1,300,000 and offers a compelling opportunity for agricultural investors or developers seeking a large-scale project in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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