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    OFF-MARKET
    Land

    16 Of Excelsior Ave, Hanford, CA 93230

    80 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 80-acre property in Hanford, California, presents a unique investment opportunity. Located on Avenue 16, south of Excelsior Avenue (APN: 04-080-26 & 27), this Kings County land boasts a blend of productive walnut orchards and open ground, zoned AG20 for General Agriculture. Approximately 50 acres are planted with Chandler Walnuts on Paradox rootstock, ranging in age from 6 to 15 years. The trees are spaced at 25' x 27', with some interplanting in various sections. The soil is predominantly Grade 1, indicating high agricultural potential. The property's irrigation system includes two submersible pumps, ensuring efficient water management. The remaining 30 acres offer versatility for expansion, additional planting, or other agricultural uses. This property is situated in a desirable area, offering excellent access to transportation and local resources. The asking price is $1,840,000. This is an ideal opportunity for an established agricultural investor or someone looking to enter the lucrative California walnut market. The property's combination of mature, productive walnut trees and open land provides significant potential for future growth and profitability. The zip code is 93230.

    Property profile
    Verified
    Property type Land
    Lot 80 ac (3,484,800 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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