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37304 Magee Rd - Oceanview/Pala Chief Mines,Elizabeth R Claim

42.91 Acres of Commercial Land Offered at $5,000,000 in Pala, CA 92059

Investment Highlights

  • Class 1, Class 2 Explosive Storage Mine
  • 2 Miners Support Buildings with Kitchens, Bathrooms and Bedrooms
  • On Sovereign Land
  • Grandfathered Clause for AG 20 - Regarding Explosive Storage, Buyer to Sign NDA
  • Federally Appropriated Mineral, Timber and Water Rights
  • Solar Powered - Well with three 5,000 Gallons Tank for Drinking Water

Executive Summary

BUYER TO SIGN NDA. BUYER TO QUALIFY FOR LICENSING AND STORING SUBJECT TO COUNTY INVESTIGATIONS OF SAID INDIVIDUAL. LICENSE IS CURRENT. THIS IS AN ACTIVE BLASTING ZONE - DO NOT TRESPASS.

Property Facts Under Contract

Price $5,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Open Space
Total Lot Size 42.91 AC

1 Lot Available

Lot

Price $5,000,000
Price Per AC $116,523
Lot Size 42.91 AC

Description

This California mine is for sale with Federally granted licensing for storing heavy explosive material. The Federal Government has appropriated timber rights, mineral rights and water rights for this rare mine. The property is run on solar, well water with three 5,000 gallon water tanks and with mining experts ready to stay on with new owner. There are two "Mine Support Buildings" providing Kitchens, Bathrooms and Bedrooms required by law and are manufactured buildings. Privately Held Property on Indian Land. Seller may consider some carryback for credit worthy buyer.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 109-160-25
  • 109-160-24
  • 109-160-14
  • 109-190-04
Land Assessment
$370,604
Improvements Assessment
$0
Total Assessment
$370,604

zoning

Zoning Code AG 20 (Ag)
AG 20 (Ag)
  • Listing ID: 22068392

  • Date on Market: 1/25/2021

  • Last Updated:

  • Address: 37304 Magee Rd, Pala, CA 92059

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