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Lot/land
  • Listing Provided by: 

    Robert Castro DRE #01962756 760-771-5475,

    Arris Properties

    $9,900,000

    83300 58th Ave, Thermal, CA 92274

    --beds
    --baths
    59.03Acres
    Unimproved Land
    Built in ----
    59.03 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    263 days
    on Zillow
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    44
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    2
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    Zillow last checked: 7 hours ago

    Listing updated: July 07, 2025 at 05:03pm

    Listing Provided by:

    Robert Castro DRE #01962756 760-771-5475,

    Arris Properties

    Source: CRMLS,MLS#: 219120051DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR
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    Facts & features

    Property

    Features
    • Fencing: Barbed Wire,Chain Link
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 59.03 Acres
    • Features: Agricultural, Flat
    • Topography: Level
    Details
    • Parcel number: 764170008
    • Zoning: A-1
    • Special conditions: Standard

    Utilities & green energy

    • Sewer: Unknown
    • Water: Well
    • Utilities for property: Electricity Available, Electricity Connected

    Community & HOA

    Community
    • Subdivision: Vista Santa Rosa
    Location
    • Region: Thermal

    Financial & listing details

    • Tax assessed value: $6,111,548
    • Annual tax amount: $77,648
    • Date on market: 11/15/2024
    • Listing terms: Cash to New Loan
    • Inclusions: All Greenhouse Buildings, structures & attached equipment included
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