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48491 Jackson Street st - Mesquite Tree Ranch

57.37 Acres of Agricultural Land Offered at $3,450,000 in Thermal, CA 92274

Executive Summary

Great potential development with incredible views of the Santa Rosa Mountains located in the Vista Santa Rosa Area approximately 900 feet south of Avenue 58 on the westside of Jackson Street. Property is located in an Opportunity Zone and under the City of La Quinta sphere of influence allowing for a low density residential development near major country clubs such as The Madison Club, Andalusia, The Palms, PGA West, Trilogy and many more. The ranch is also located within three miles of the Desert International Horse Park and the Coachella and Stagecoach Music Festivals. There is a sewer line located at the corner of Jackson Street and Avenue 58. Imperial Irrigation District (IID)currently provides electric to the property, a domestic water well provides water to the homes, horse facilities, and lawns for the homes. In addition there is Canal Water and a standpipe system providing water for farming and horse pastures for the entire ranch. The horse facilities include an arena, round pen, 10 stall mare motel, six horse corrals, three wash racks, storage barn, plus small storage rooms around the ranch, and ten acres of beautifully fenced pastures. There are also multiple rental homes on the ranch and between these rentals, the pasture revenue, horse boarding, and faming the monthly gross income is approximately $8,000 per month.

Property Facts

Price $3,450,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Agricultural
Total Lot Size 57.37 AC
Cross Streets Avenue 58
Opportunity Zone Yes

1 Lot Available

Lot

Price $3,450,000
Price Per AC $60,136
Lot Size 57.37 AC

57.37 Acres currently used for horse facilities, pasturing, boarding, faming, and multiple rental homes (approximately $8,000/Mo). Property is in the Vista Santa Rosa Area under City of La Quinta sphere of influence and in a Opportunity Zone.

  • Listing ID: 34105361

  • Date on Market: 12/6/2024

  • Last Updated:

  • Address: 48491 Jackson Street st, Thermal, CA 92274

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