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Tehama County Agricultural Portfolio

6 Land Properties Offered at $31,009,440 in Corning, CA

Virtual Tour

Investment Highlights

  • Tehama County Agricultural Portfolio is an opportunity for someone looking to expand or diversify a current agricultural business in a rural area.
  • Approximately 1,292 acres of agricultural land, including five ranches and seasonal worker accommodations currently used for growing olives.
  • Strategically located in Corning, famous for its award-winning olive products and small-town charm, host of boutiques, and fine dining.
  • Located in the City of Olives, about two hours north of Sacramento in Tehama County from I-5 and nestled between lush, mountainous national forests.

Executive Summary

Tehama County Agricultural Portfolio in Corning, California, is a 1,292-acre agricultural portfolio comprising Manzanillo and Sevillano Olive Orchards and open future development land. The portfolio includes two seasonal worker accommodations approved by housing community development. The unique portfolio consists of five distinct ranches and one dedicated seasonal workers' accommodation, all in the northwest part of Corning.

Simpson Road/Freeman School House is a ranch consisting of 560 assessed acres, roughly 185 acres of Manzanillo Olive Orchards within the Corning Water District, approximately 80 acres of open land inside Corning Water District, and close to 295 acres of orchard development land outside of the Corning Water District. There is also a 1,828-square-foot two-bedroom, single-family home on the property.

Rawson Road is a ranch of 463.73 assessed acres, consisting of about 357 acres of Manzanillo Olive Orchards, close to 43.73 acres of ancillary farm support land, including farmstead sites, and close to 63 acres of non-farmable riparian land within Thomas Creek. Rawson Road currently has two agricultural wells and two domestic wells. The ancillary farmstead sites include a 1,826-square-foot three-bedroom, two-bath home.

Patton Ranch has 190.04 assessed acres, consisting of approximately 171 acres of olives and the remaining acreage in ancillary land, including farmstead sites and well sites. The property consists of both Sevillano and Manzanillo orchard blocks of mixed ages and spacing with a three-bedroom, two-bath, single-family residence of approximately 2,000 square feet.

Barham Avenue Ranch consists of 45.99 assessed acres, approximately 40 acres of olives, and the remaining 5.99 acres in ancillary land, including a commercial shop and a three-bedroom, three-bath, single-family house of approximately 1,321 square feet.

Orland Avenue Ranch has 30 assessed acres with 27 acres of olives. The remaining acreage consists of ancillary land, including seasonal worker accommodations permitted by Housing Community Development for 48 employees and a 2,000-square-foot single-family home.

Lobinger Avenue Labor Camp consists of 2.37 assessed acres and is devoted entirely to seasonal worker accommodations. Housing Community Development permits the labor camp for 200 seasonal employees.

Tehama County Agricultural Portfolio is in a small rural area known as the City of Olives, or the olive capital of the world. Corning, 100 miles north of Sacramento, is a destination home to agricultural industries that grow and prepare olives and olive oil, walnuts, and almonds. The portfolio is the ideal investment or owner/user opportunity for an agricultural business looking to expand its current olive and almond-growing operation.

Sale Flyer

Property Facts

Price $31,009,440
Sale Type Investment or Owner User
Status Active
Number of Properties 6
Individually For Sale 0
Total Land Area 1,292.04 AC

Properties

Property Name / Address Property Type Land AC Land SF Individual Price
6315 Rawson Rd, Corning, CA 96021 Land 463.73 AC 20,200,079 SF -
5391 Barham Ave, Corning, CA 96021 Land 45.99 AC 2,003,324 SF -
Lobinger Avenue Property/Labor Camp
4900 Lobinger Ave, Corning, CA 96021
Land 2.28 AC 99,317 SF -
Patton Ranch
5551 Burton Ave, Corning, CA 96021
Land 190.04 AC 8,278,142 SF -
20267 Simpson Rd, Corning, CA 96021 Land 560.00 AC 24,393,600 SF -
4869 Orland Ave, Corning, CA 96021 Land 30.00 AC 1,306,800 SF -
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  • Listing ID: 27123338

  • Date on Market: 11/15/2022

  • Last Updated:

  • Address: Tehama County Agricultural Portfolio, Corning, CA

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