0 Bakersfield Bakersfield, CA 93301

Exceptional investment opportunity in Bakersfield, CA, featuring 342.95± acres of income-producing almond orchards. This expansive property is currently planted with desirable almond varieties within the Kern Delta Water District, ensuring reliable irrigation via gravity flow pipelines. Supplementing the district water, the property boasts three agricultural wells equipped with high-capacity pumps (250HP, 125HP, and 150HP), historically yielding impressive water volumes (2,500 GPM, 1,300 GPM, and 1,500 GPM respectively, based on historical pump and well tests). The property is proposed for annexation into the City of Bakersfield by Q1 2024, with potential for subdivision into nine separate parcels ranging from R-1 to R-5 zoning. This presents a unique blend of immediate income generation from the established almond operation and significant long-term development potential. The large, contiguous parcel offers substantial investment benefits, including income from the existing crop and depreciation advantages. APN is available upon request. Asking price: $51,442,500. Located in Bakersfield, CA 93301.