Desert Pacific Properties Logo

114.73 ACRES PRIME FARMGROUND
IN THE PATH OF GROWTH

114.73 AC Ave 57 & Pierce St, Thermal Drone Aerial Web
AIRPORT BLVD & PIERCE STREET, THERMAL, CA

FEATURES

  • Prime fertile farmground in the path of growth
  • Property has a well, shop, & fenced yard area
  • Adjacent 194 AC also available
  • Two miles from Jacqueline Cochran (Thermal) Airport
  • Four miles from The Thermal Club, Luxury Private Race Track
  • In the Opportunity Zone with potential for tremendous tax benefits
  • Affordable Coachella Valley Water District irrigation water, one of the lowest priced water rates in the state

ASKING PRICE: $3,671,361 ($32,000/AC)

VICINITY MAP

114.73 AC Ave 57 & Pierce St, Thermal Flat Aerial Web

Amenities

  • Location: The property is located at the south side of Airport Blvd., and east side of Pierce Street, Thermal, CA
  • APN: 757-180-002, 757-180-003
  • Parcel Size: Approximately 114.73 acres
  • Zoning: A-2-20 (Heavy Agriculture, 20 acres min. lot size)
  • General Plan: Agriculture
  • Utilities: Water: 18” Water Main on Pierce St
  • Irrigation Water: Yes; Meter# 1322
  • Tiled: Yes, TD – 164
  • Improvements: Well, Shop, Care Taker Home and Reservoir
  • AG Preserve: Yes
  • Lease: Leased to Ocean Mist Farms until 06/30/23 (Current lease rate $850/AC)
  • Comments: Unique Opportunity to acquire 114.73 acres of prime warm farmground in the city of Coachella, in the Path of Growth and in the Opportunity Zone

Soils Map

OPPORTUNITY ZONE

Why is investing in an Opportunity Zone better than a 1031 Exchange?

Temporary Deferral:
Similar to a 1031 Exchange.

Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income

Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.

For More Information click the button below.

Attatchments
Disclaimer

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 06/24/22 #2361 JC

Contact
Susan Harvey profile photo

Susan Harvey, Owner
susan@dppllc.com
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590

Desert Pacific Properties Logo

Ranked #1 in the Coachella Valley for Commercial Real Estate

Paula Turner profile photo

Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492