54600 Monroe St Thermal, CA 92274
- Land
- 18.93 lot acres
Current Use by Public Records
- Land
Property Details for 54600 Monroe St
- Lot size
- 18.93 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 18.93-acre agricultural property in Thermal, California, presents a unique investment opportunity. Located at 54600 Monroe St, 92274, this land boasts an A-1-20 zoning designation, requiring a minimum 20-acre parcel size. Currently utilized for alfalfa farming, the property benefits from readily available utilities including water, sewer, and electricity along Monroe Street, with canal water also accessible. The parcel is situated just south of 54th Avenue, east of Monroe Street, within the sphere of influence of La Quinta, in Vista Santa Rosa. Its proximity to notable developments like The Madison Club, PGA West, Griffin Ranch, The Hideaway Country Club, and Silver Rock Resort, along with local attractions such as music festivals, adds significant value. The property is conveniently located north of a new residential construction project. The land is offered at $200,000 per acre, with a total asking price of $3,678,000. The Assessor's Parcel Number (APN) is 780-290-006, and the ownership is fee simple. This is a rare opportunity to acquire a substantial parcel of agricultural land in a rapidly developing area. The property is not located within an Agricultural Preserve.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thermal
- County
- Riverside
- State
- California
- Longitude
- -116.233
- Latitude
- 33.6528
