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Expressway 86 & Ave 74 - 1055 Acres Expressway 86 Coachella Valley
1,055.73 Acres of Residential Land Offered at $26,393,250 in Thermal, CA 92274
Investment Highlights
- 1,055 contiguous acres on Expressway 86 in the Coachella Valley
- On Expressway 86 with direct access to the border town of Mexicali, a major manufacturing hub in Mexico just 85 miles to the south
- The East Coachella Valley is booming and encouraging new development
- 9 miles to Coachella, 14 miles to Interstate 10, 40 miles to Palm Springs
- General Plan Land Use calls for Business Park, Commercial, and Residential Land Use
- Agricultural leases in place for interim income
Executive Summary
- Ideal climate produces first-to-market crops
- Abundant, low-cost water supply (Coachella Valley Water District)
- In Opportunity Zone providing tax incentives
- Low property taxes (Williamson Act)
- General Plan calls for Business Park, Medium Density Residential, and Commercial, amongst other uses
- 40 miles from Palm Springs
- 75 miles to the Mexicali Trade Area which has become an export hub for aerospace, medical devices, automotive, telecommunication & electronics
Property Facts
| Price | $26,393,250 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Total Lot Size | 1,055.73 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $26,393,250 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1,055.73 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $26,393,250 | Lot Size | 1,055.73 AC |
| Price Per AC | $25,000 |
| Price | $26,393,250 |
| Price Per AC | $25,000 |
| Lot Size | 1,055.73 AC |
Description
- Incredible opportunity to own 1,055 contiguous acres Prime Farmground and Date Trees - Ideal climate produces first-to-market crops - Abundant, low-cost water supply (Coachella Valley Water District) - In Opportunity Zone provides tax incentives - Low property taxes (Williamson Act) - Excellent access with one-half mile of frontage on Expwy 86 - Just minutes away from high end La Quinta Resorts such as PGA West and Madison Club
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,737,094 | |
| Land Assessment | $2,488,112 | Total Assessment | $4,225,206 |
PROPERTY TAXES
zoning
| Zoning Code | A-1-10 |
| A-1-10 |
-
Power Broker Susan Harvey -
Desert Pacific Properties
Presented by
Expressway 86 & Ave 74 - 1055 Acres Expressway 86 Coachella Valley
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