0 Pierce St & Airport Blvd

Thermal , CA 92274

MLS#: 219058929DA

$11,651,400

Status: Active
Listing number: 219058929DA
Listing provided by: Desert Pacific Properties
Listing agent phone: None
Last update: 30 days ago
On site: 4 years ago
Browse Properties
Thermal - Land

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

194.19 acres

Prime Coachella Valley Date Ranch. In the Opportunity Zone. In the sphere of influence of the City of Coachella, one of the fastest growing cities in Riverside County. Near Thermal Motorsports Club and Jacqueline Cochran Regional Airport. Easy access to Expressway 86 and I-10. Irrigated with Coachella Valley Water District, one of the lowest water rates in California. Prime fertile soil along the warm Coachella slopes.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    Mountain(s)

Area & Lot

  • Lot Features

    Agricultural, Level

  • Lot Size(acres)

    194.19

  • Property Type

    Land

Price

  • Sales Price

    $11,651,400

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    YES

  • Association Fee Frequency

    N/A

  • Association Fee Includes

    N/A

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

  • Sewer

    Unknown

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Location

County

Riverside

Elementary School

Middle School

High School

Listing Courtesy of Susan Harvey , Desert Pacific Properties

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Prime Coachella Valley Date Ranch. In the Opportunity Zone. In the sphere of influence of the City of Coachella, one of the fastest growing cities in Riverside County. Near Thermal Motorsports Club and Jacqueline Cochran Regional Airport. Easy access to Expressway 86 and I-10. Irrigated with Coachella Valley Water District, one of the lowest water rates in California. Prime fertile soil along the warm Coachella slopes.

0 Pierce St & Airport Blvd

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Related Properties

The subject property is located in the City of La Quinta Sphere of Influence (SOI) The current local governing agency is the County of Riverside in the Vista Santa Rosa Community. The future Low Density Residential designation on The City of La Quinta General Plan 2035 is consistent with recent Vista Santa Rosa Community board input, regarding future land use. Possible 200 unit residential subdivision. Sewer is at Jackson St.The property was originally developed as a Coachella Valley based nursery by a wholesale nursery company that distributed its products to Big Boxstores in Southern California. The original greenhouse improvement costs excluding the land exceeded the current asking price of the property by several million dollars. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. Cannabis Hemp cultivation for CBD oil production was the most recent agriculture activity at the Nursery facility. A new owner could consider leasing the greenhouse to a new CBD cannabis grower tenant. The property could also be operated as a wholesale nursery to the landscape construction & maintenance industry in the Coachella Valley.The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.
#219120051DA

Thermal

83300 58th Avenue

None Beds

None Baths

59.03 acres

$9,900,000

MLS#: 219120051DA

- property

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