2233 Valentine Ave Fresno, CA 93706

Property Details for 2233 Valentine Ave

Lot size

38.00 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses approximately 38 acres of high-yield almond orchards in Fresno County, California, located at 2233 S Valentine Ave, Fresno, CA 93706. The property includes two distinct parcels: a leasehold interest and a fee-simple interest. The leasehold parcel (APN 327-130-08) consists of approximately 18 acres planted with Independence almonds on Nemaguard rootstock in 2015. This leasehold includes the almond trees, irrigation system, and its components, and runs until December 31, 2037, with a fixed annual rent of $10,800 ($600/acre). The lessee is responsible for all operational costs, excluding the domestic well. The fee-simple parcel (APN 327-130-22) comprises approximately 20 acres of third-leaf Nonpareil/Monterey almonds, offered at $750,000. Both parcels benefit from a double-line drip irrigation system fed by two on-site groundwater wells and the Fresno Irrigation District, situated within the North Kings GSA. Soil quality is exceptional, with 68.3% Grade 1 (Atwater sandy loam and Hesperia sandy loam) and the remaining acreage rated Grade 2. The property also includes an occupied home (excluded from the sale and lease), and is located within a Qualified Opportunity Zone, offering potential tax advantages. The asking price for the entire property is $900,000, with the leasehold interest available for $150,000. Note that the Sustainable Groundwater Management Act (SGMA) may impact future groundwater pumping. Further details regarding SGMA can be found at www.sgma.water.ca.gov/portal/.