60th Ave & Lincoln St Thermal, CA 92274
- Land
- 160.47 lot acres
Current Use by Public Records
- Land
Property Details for 60th Ave & Lincoln St
- Lot size
- 160.47 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 160.47-acre property, located at the Northeast corner of 60th Avenue and Lincoln Street in Thermal, California (APN 717-250-023), presents a unique investment opportunity. Currently zoned A-1-20, the land is comprised of a mature lemon grove occupying approximately half the acreage, boasting a strong history of high production. The remaining acreage has been historically leased for profitable vegetable production at top market rental rates. The property benefits from an abundant and affordable water supply provided by the Coachella Valley Water District, a crucial asset for agricultural operations. Its advantageous location on the Mecca Slope provides a warm climate ideal for cultivation, and its proximity to the Coachella Canal ensures convenient irrigation access. Situated just one parcel away from the canal, this property offers significant logistical advantages. Furthermore, its location within the City of Coachella's Sphere of Influence and designation as a Qualified Opportunity Zone adds to its investment appeal. This combination of established income-generating assets, prime agricultural land, and strategic location makes this a compelling opportunity for investors seeking strong returns in a thriving agricultural market. The asking price is $4,051,868.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thermal
- County
- Riverside
- State
- California
- Longitude
- -116.069
- Latitude
- 33.6134
