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Expressway 86 & Ave 74 - 679 Acres Expressway 86 Coachella Valley 679.13 Acres of Residential Land Offered at $16,978,250 in Thermal, CA 92274
Investment Highlights
- 679 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
- 679 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
| Price | $16,978,250 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 679.13 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | A-1-10 | ||
| Price | $16,978,250 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 679.13 AC |
| Opportunity Zone |
Yes |
| Zoning | A-1-10 |
1 Lot Available
Lot
| Price | $16,978,250 | Lot Size | 679.13 AC |
| Price Per AC | $25,000.00 |
| Price | $16,978,250 |
| Price Per AC | $25,000.00 |
| Lot Size | 679.13 AC |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,584,180 | |
| Land Assessment | $1,719,440 | Total Assessment | $3,303,620 |
Property Taxes
Parcel Numbers
Land Assessment
$1,719,440
Improvements Assessment
$1,584,180
Total Assessment
$3,303,620
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Expressway 86 & Ave 74 - 679 Acres Expressway 86 Coachella Valley
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