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SEC E Gillet St - Alder 70
80.21 Acres of Agricultural Land Offered at $1,090,000 in El Centro, CA 92243
Investment Highlights
- 80± net acres of highly productive organic farmland
- Strong water allocation
- Ideally located on Highway 111 close to Interstate 8
- Above market rental income from existing lease
- Included in City of El Centro’s Sphere of Influence
- Residential land use designation provides for future development potential
Executive Summary
Property Facts
| Price | $1,090,000 | Property Subtype | Agricultural |
| Sale Type | Investment | Total Lot Size | 80.21 AC |
| No. Lots | 1 | Cross Streets | Cannon Rd |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,090,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 80.21 AC |
| Cross Streets | Cannon Rd |
| Opportunity Zone |
Yes |
1 Lot Available
Lot Alder 70
| Price | $1,090,000 | Lot Size | 80.21 AC |
| Price Per AC | $13,589 |
| Price | $1,090,000 |
| Price Per AC | $13,589 |
| Lot Size | 80.21 AC |
Cushman & Wakefield is pleased to present the opportunity to acquire 80± acres of highly productive farmland located in El Centro. The property benefits from an existing lease with strong in-place income from a reputable tenant.
Description
Alder 70 is within the City of El Centro sphere of influence and could be developed consistent with the Low Density Residential land use designation once annexed into the City. The site is located within an Opportunity Zone and is close to future commercial developments which include a Maverik Gas Station and convenience store. Additionally, the site benefits from easy access to Highway 111 and Interstate 8 from Ross Rd and Evan Hewes Highway.
PROPERTY TAXES
| Parcel Number | 054-290-004-000 | Improvements Assessment | $4,665 |
| Land Assessment | $159,057 | Total Assessment | $163,722 |
PROPERTY TAXES
zoning
| Zoning Code | A2U (General Agriculture – Urban) |
| A2U (General Agriculture – Urban) |
Presented by
SEC E Gillet St - Alder 70
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