0 Cleveland St Thermal, CA 92254
This exceptional 79.77-acre property in Mecca, California, presents a unique investment opportunity. Located near the intersection of N Avenue 70 and E Cleveland St, with APN numbers 721-130-003, 005; 721,140-015; 721-150-026, this expansive land parcel boasts breathtaking views overlooking the Salton Sea and the Santa Rosa Mountains. Zoned W-2, it's ideally suited for a variety of uses, including a ranch, future residential development, or even solar energy projects. The property's strategic location offers significant advantages, particularly its proximity to the proposed $19 million, 156-acre Salton Sea North Pilot Demonstration Project. Furthermore, its location within an Opportunity Zone provides substantial federal tax incentives for qualified investors. This is a rare chance to acquire a large tract of land with exceptional potential in a rapidly developing area. The property is listed at $600,000. For further information regarding the Salton Sea restoration efforts, please visit saltonseaauthority.org. This property is situated in Riverside County, California, with a zip code of 92254. The coordinates are approximately 33.54 latitude and -116.1145248 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.