.47 AC AIRPORT BOULEVARD FULLY FENCED INDUSTRIAL LOT
FEATURES
- Industrial land zoned for outside storage
- Easy access to I-10, just 4 1/2 miles south off
Expressway 86 - Fully fenced with gravel
- Located in the Opportunity Zone
- Will consider lease/lease option
ASKING PRICE: $49,000 ($2.39/SF)
VICINITY MAP
Amenities
- Location: The property is located in downtown Thermal just 4 1/2 miles from Interstate 10. North side of Airport Blvd., just east of Hwy 111.
- Zoning: M-SC (Manufacturing – Service Commercial)
- General Plan: LI (Light Industrial)
- Current Use: Vacant – Fenced Contractors Yard
- Parcel Size: 0.47 acre
- APN: 763-350-004
- Thomas Guide: 5531 G3
- Terms: Cash, Owner may carry
- Highest & Best Use: Contractor’s Yard
- Adjacent Uses: Cold storage packing shed, Industrial
- Comments: Property sold “as is” and does not have recorded easement to Airport Blvd.
opportunity zone
Why is investing in an Opportunity Zone better than a 1031 Exchange?
Temporary Deferral: Similar to a 1031 Exchange.
Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income
Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 02/09/23 #1920 JC
Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492
Ranked #1 in the Coachella Valley for Cannabis Real Estate
Rebecca Ramirez, Sales Agent
[email protected]
Cell: 760.766.0517
DRE License #02050799