Lacey Blvd Lemoore, CA 93245

Property Details for 0 Lacey Blvd

Lot size

728.00 lot acres

Property type

Land

Property subtype

Farms

Description

Exceptional investment opportunity: +/- 728 acres of prime agricultural land in Lemoore, CA. This expansive property boasts approximately 608 acres of open ground and approximately 120 acres of established Independence almonds planted on Nemaguard rootstock (80 acres in 2019, 40 acres in 2015). The land is situated between CA-41 and 18th Avenue, conveniently located on both the north and south sides of W Lacey Blvd. Water resources are abundant, with 20 wells (17 shallow, 3 deep) and 547 transferable Lemoore Canal Water Shares. The property includes three homes: an 1802 sq ft, 3 bed/2 bath home (built 1981, remodeled 2012, new roof & AC 2024) generating approximately $1426 monthly rental income; a 2100 sq ft, 3 bed/2 bath home (built 1952, new roof 2007) subject to a life estate; and an 1800 sq ft, 3 bed/2 bath home (built 1946, new roof 1987). Additional improvements include a 3000 sq ft shop and a 1200 sq ft shed. Approximately 233.53 acres are within the City of Lemoore's Sphere of Influence. Kings County APNs: 004-261-040, 004-261-042, 004-262-003, 004-262-020, 004-262-027, 004-262-036, 004-262-037, 004-262-038, 004-262-039, 021-020-002, 021-020-003, and 021-020-024. Parcels 004-261-042, 004-262-003, 004-262-020, 021-020-002, 021-020-003, and 021-020-024 are enrolled in the Williamson Act (approximately 568.38 acres). The property is located in the Lemoore Canal & Irrigation District and part of the South Fork Kings GSA. No equipment or growing crops are included. Seller intends a 1031 exchange. Detailed soil information and well data available upon request. Note: The Sustainable Groundwater Management Act (SGMA) may impact groundwater pumping. Further information can be found at www.sgma.water.ca.gov/portal/. Asking price: $20,384,000.