0 49.78 Acres. Bakersfield Bakersfield, CA 93307

This exceptional 49.78-acre commercial land parcel presents a significant development opportunity in Bakersfield, California. Located in Kern County, with a 93307 zip code, the property boasts frontage on Cottonwood Road, with E. Panama Lane as the nearest cross street. The land is zoned R1. The property's strategic location offers convenient access to existing residential developments situated directly across the street and a quarter-mile to the south. Water and irrigation are provided by the Kern Delta Water District. It's important to note that the property is not subject to the Williamson Act. Prospective buyers should be aware of the Sustainable Groundwater Management Act (SGMA) of 2014, which mandates groundwater basin sustainability by 2040 and requires a Groundwater Sustainability Plan (GSP) by 2020. This legislation may impact the amount of well water available from underground aquifers. Potential purchasers are strongly advised to consult with their own legal and environmental professionals (water attorney, hydrologist, geologist, civil engineer, etc.) for a comprehensive understanding of water rights and potential limitations. Further information regarding SGMA can be found at the California Department of Water Resources Sustainable Groundwater Management Act Portal. The Assessor's Parcel Number (APN) is 414-210-02-00-4. The asking price for this expansive property is $10,000,000.