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226.03 AC Harrison and Ave 64, VSR

Opportunity Zone
NWC HARRISON ST & AVENUE 64, THERMAL, CA

Features

  • Three miles from Trilogy, a Shea Homes Golf Community and Andalusia, a Luxury Golf Resort
  • 1.5 miles south of Jacqueline Cochran Regional Airport
  • Close proximity to The Thermal Club, a premier motorsports facility with members-only race track
  • In Coachella Valley Water District (CVWD) with one of the least expensive water rates in the state
  • Adjacent 537 acres also available for a total of 763 acres

Asking Price: $5,876,780 ($26,000/AC)

Vicinity Map

226.03 AC Harrison and Ave 64, VSR Zoomed Aerial

Amenities

  • Location: The property is located at the North West corner of Harrison Street and Avenue 64 in Thermal.
  • Zoning: A-1-10 (Light Agriculture, 10 ac min), W-2 (Controlled Development)
  • General Plan: AG (Agriculture)
  • Total Parcel Size: 226.03 acres
  • APNs: 751-020-005
  • Utilities: Canal Water: Yes, Meter # 2042
    Water: 30” line at Harrison & Avenue 62 (1/2 mile north of Property)
    Sewer: 30” line at Harrison & Avenue 62 (1/2 mile north of Property)
    Soils: Sb (Salton silty clay loam), It (Indio very fine sandy loam, wet)
  • Tiled: No
  • Comments: The possibilities are numerous for this large plot of land. Its close proximity to Trilogy Golf Community, the Thermal Club, Jacqueline Cochran Airport, the Kohl Ranch Specific Plan, Deer Creek Polo and the HITS Equestrian Show grounds lend itself to many potential uses. Avenue 62 is earmarked to become South Valley Parkway, providing quick and easy access from Expressway 86 to La Quinta.
  • Directions: Take I-10 traveling east and go south to Expressway 86. Take Avenue 62 exit, turn right on Avenue 62 and continue for 4.5 miles. Turn left on Harrison and travel one half mile. Property is on the west side of Harrison Street.

Soils Map

226.03 AC Harrison and Ave 64, VSR Soils Map

WHAT IS AN 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.

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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: JC 05/26/21#2059

Contact
Susan Harvey profile photo

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

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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