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370 Hemi Rd
Arroyo Grande, CA 93420
Arroyo Grande Lemon Ranch · Land For Sale
·
104.13 AC


Investment Highlights
- Producing avocados and lemons
- ranch house and shop
- agricultural and domestic well
Executive Summary
The property consists of approximately 70+/-acres of producing agricultural land planted in a combination
of avocado and lemon orchards. Of the total acreage, approximately 9.8 acres are planted with mature
avocados, 33 acres are planted with mature lemon trees, and approximately 27 acres are planted with
lemons that were established in 2020. This planting mix provides a balance of stabilized production from
mature orchards and longer-term upside from younger plantings that are expected to continue improving
yields as they reach full maturity. Importantly, the owner reports that the orchards have not required the
use of wind machines since initial planting, which suggests favorable microclimatic conditions and may
contribute to reduced operating and capital costs.
The property has two potential home build site locations with ocean views. One site has water and
power.
In addition to the agricultural improvements, the Property includes a recently remodeled one-story residence. The home has been upgraded to provide the conveniences and functionality of a modern home while maintaining the aesthetic character of a rustic farmhouse. The Property further benefits from multiple potential building sites that offer elevated locations with ocean and valley views. This Property will appeal to buyers seeking both cash flow from agricultural productivity and residential lifestyle opportunities. Also, there is a +/-5,000 S.F shop building with a working shower and bathroom.
of avocado and lemon orchards. Of the total acreage, approximately 9.8 acres are planted with mature
avocados, 33 acres are planted with mature lemon trees, and approximately 27 acres are planted with
lemons that were established in 2020. This planting mix provides a balance of stabilized production from
mature orchards and longer-term upside from younger plantings that are expected to continue improving
yields as they reach full maturity. Importantly, the owner reports that the orchards have not required the
use of wind machines since initial planting, which suggests favorable microclimatic conditions and may
contribute to reduced operating and capital costs.
The property has two potential home build site locations with ocean views. One site has water and
power.
In addition to the agricultural improvements, the Property includes a recently remodeled one-story residence. The home has been upgraded to provide the conveniences and functionality of a modern home while maintaining the aesthetic character of a rustic farmhouse. The Property further benefits from multiple potential building sites that offer elevated locations with ocean and valley views. This Property will appeal to buyers seeking both cash flow from agricultural productivity and residential lifestyle opportunities. Also, there is a +/-5,000 S.F shop building with a working shower and bathroom.
Property Facts
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 104.13 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Agricultural | ||
| Zoning | AG - Agricultural | ||
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Proposed Use | |
| Total Lot Size | 104.13 AC |
| No. Stories | 1 |
| Zoning | AG - Agricultural |
1 Lot Available
Lot
| Price | $4,325,000 | Lot Size | 104.13 AC |
| Price Per AC | $41,534.62 |
| Price | $4,325,000 |
| Price Per AC | $41,534.62 |
| Lot Size | 104.13 AC |
The property consists of approximately 70+/-acres of producing agricultural land planted with 9.8 acres of avocados and 60 acres of lemons. There is a ranch house, shop, and ag well.
Property Taxes
| Parcel Number | 047-311-003 | Improvements Assessment | $1,562,474 |
| Land Assessment | $2,012,307 | Total Assessment | $3,574,781 |
Property Taxes
Parcel Number
047-311-003
Land Assessment
$2,012,307
Improvements Assessment
$1,562,474
Total Assessment
$3,574,781
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