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
- 1,055 contiguous acres with a half mile fronting Expressway 86, prime farmground and date trees in path of growth
- 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
- 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
1 LOT AVAILABLE
Lot
| Price | $26,393,250 |
| Price Per AC | $25,000.00 |
| 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 |
