Description
Rare offering of 400 acres of prime Class-1 rated agricultural land in Riverside County, offered at $4,500,000 ($11,250/acre). Consists of two parcels: APN 810-311-004 (320 acres) and APN 810-311-010 (80 acres). Excellent location with approximately 1 mile of I-10 Freeway frontage at Exit 217 (Ford Dry Lake Road). Property is easily accessible via Paled Dunes Drive along the southern and western boundaries. Owner reports unlimited groundwater potential from aquifers, estimating water savings of approximately $400,000 annually. Development start-up costs for well, drip irrigation, and planting are estimated at $450,000 (owner). High-value Class-1 soil supports a wide variety of crops, including garlic, melons, pumpkins, citrus, and Medjool dates. Owner-provided cultivation estimates: garlic up to $80,000/acre; lemons approximately 200 trees/acre (80,000 trees total with projected net of ~$34M/yr); Medjool dates approximately 120 trees/acre (48,000 trees producing ~9.6M lbs annually with potential gross income of ~$38.2M). Buyer to verify all figures.
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0BEDS
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400ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Rare offering of 400 acres of prime Class-1 rated agricultural land in Riverside County, offered at $4,500,000 ($11,250/acre). Consists of two parcels: APN 810-311-004 (320 acres) and APN 810-311-010 (80 acres). Excellent location with approximately 1 mile of I-10 Freeway frontage at Exit 217 (Ford Dry Lake Road). Property is easily accessible via Paled Dunes Drive along the southern and western boundaries. Owner reports unlimited groundwater potential from aquifers, estimating water savings of approximately $400,000 annually. Development start-up costs for well, drip irrigation, and planting are estimated at $450,000 (owner). High-value Class-1 soil supports a wide variety of crops, including garlic, melons, pumpkins, citrus, and Medjool dates. Owner-provided cultivation estimates: garlic up to $80,000/acre; lemons approximately 200 trees/acre (80,000 trees total with projected net of ~$34M/yr); Medjool dates approximately 120 trees/acre (48,000 trees producing ~9.6M lbs annually with potential gross income of ~$38.2M). Buyer to verify all figures.
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