CA > Thermal > Vista Santa Rosa
Thermal, CA 92274,83300 58th AVE
Thermal, CA 92274,83300 58th AVE
Thermal, CA 92274,83300 58th AVE
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$9,900,000
Est. payment /mo
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59.03 Acres Lot
Active

83300 58th AVE Thermal, CA 92274

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Michelle M Randazzo

Michelle M Randazzo

+1(702) 412-1049

UPDATED:

11/16/2024 02:51 AM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Vista Santa Rosa

MLS Listing ID 219120051DA

Lot Size 59.030 Acres

Acres 59.03

Property Description

The subject property is located in the City of La Quinta Sphere of Influence (SOI) The current local governing agency is the County of Riverside in the Vista Santa Rosa Community. The future Low Density Residential designation on The City of La Quinta General Plan 2035 is consistent with recent Vista Santa Rosa Community board input, regarding future land use. Possible 200 unit residential subdivision. Sewer is at Jackson St.The property was originally developed as a Coachella Valley based nursery by a wholesale nursery company that distributed its products to Big Boxstores in Southern California. The original greenhouse improvement costs excluding the land exceeded the current asking price of the property by several million dollars. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. Cannabis Hemp cultivation for CBD oil production was the most recent agriculture activity at the Nursery facility. A new owner could consider leasing the greenhouse to a new CBD cannabis grower tenant. The property could also be operated as a wholesale nursery to the landscape construction & maintenance industry in the Coachella Valley.The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.

Location

State CA

County Riverside

Area Thermal

Interior

Inclusions All Greenhouse Buildings, structures & attached equipment included

Exterior

View Y/N Yes

View Mountains

Building

Sewer Unknown

Water Storage Tank(s), Well

Schools

School District Coachella Valley Unified

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Arris Properties

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Michelle M Randazzo

REALTOR® | RE.0196837

+1(702) 412-1049

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83300 58th AVE