Desert Pacific Properties Cannabis Division

80 AC FARMGROUND WITH GREENHOUSES MECCA, CA

80 AC 71st & Hayes MC - Walton Ranch Main Image Web
93-751 AVENUE 71, MECCA, CA

FEATURES

  • Greenhouse consists of
    • 6,000 SF propagation house
    • 34,000 SF main green-house
    • 13 walk-in green-house tunnels
  • Mobile home for care taker
  • Warm micro-climate proximity to Salton Sea
  • 15 acres leased to Headstart Nursery on a month-to-month basis
  • Additional 65 acres farmland with reservoir to expand
  • Property is located in Riverside County cannabis zoned area

ASKING PRICE: $1,520,000 ($19,000/AC)

VICINITY MAP

80 AC 71st & Hayes MC - Walton Ranch Zoomed Aerial Web

Amenities

  • Location: The property is located at the south west corner of 71st Avenue & Hayes Street in Mecca.
  • APNs/Parcel Sizes: 729-120-017 (40 AC), 019 (40 AC)
  • Zoning: A-1-20 (Light Agriculture, 20 AC min.), W-1 (Watercourse, Watershed & Conservation Areas)
  • General Plan: AG (Agriculture), OS-W (Open Space, Water)
  • Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), CrA (Coachella fine sand, wet, 0-2% slopes)
  • Ag Preserve: Yes
  • Meter #: 2908 (Serves only APN 729-120-017)
  • Utilities: 3 Phase power, well, canal water for farm land
  • Tiled: Yes, TD-561
  • Elevation: -200 to -220
  • Lease: Month to month lease on 15 acres with|
    greenhouse with Headstart Nursery and 65 acres pending farmground lease at $800 per month
  • Comments: On October 23, 2018, the Riverside County Board of Supervisor approved Ordinance 348.4898 for the IP Zone establishing the permitting process and regulations for commercial cannabis operations.
  • Directions: Take Expressway 86 to Avenue 66 and turn left (east) on Avenue 66. Turn right (south) on to Highway 111 (Grapefruit Blvd) and travel 4 miles to Hayes Street. Turn right (south) on to Hayes and the property will be at the southwest corner of 71st and Hayes Street.

soils map

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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Attatchments
Disclaimer

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: 09/30/21 #2095 JC

Contact
Paula Turner

Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492

Desert Pacific Properties Cannabis Real Estate

Ranked #1 in the Coachella Valley for Commercial Real Estate

Rebecca Ramirez, Sales Agent
rebecca@dppllc.com
Mobile 760-333-7170
Office 760-360-8200
DRE License #02050799