0 Avenue 136 Porterville, CA 93257
This exceptional 36.74-acre agricultural property, located just west of Porterville, California, presents a compelling investment opportunity. Currently used for alfalfa farming, this land boasts excellent soil conditions ideal for permanent plantings. Situated on the south side of Avenue 136 and west of Road 208, in Tulare County, CA, 93257 (APN: 302-020-046), the property benefits from a dual water source: the Lower Tule River Irrigation District and a productive agricultural well. A recent July 2023 test revealed the well pump yields approximately 586 gallons per minute. The property is zoned AE-20 and is within the Lower Tule River Irrigation District GSA. Offered at $900,000 ($24,496/acre), this location provides a strong foundation for continued agricultural success. Its prime location and reliable water supply make it an attractive investment for farming operations seeking fertile land and dependable irrigation.
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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No recorded transactions found for this property.
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Risks
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