16 Of Excelsior Ave, Hanford, CA 93230
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.
Cap rate
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Property description
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