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. Surrounded by major projects and agribusiness: Genesis Solar (3.25 mi east, 250MW, $3B project), Maverick Solar (4 mi west, 800MW, $6B project), and Wood Spur Farms (10 mi east, 1,200 acres of dates and lemons). Located 74 miles east of Palm Springs and 22 miles west of Blythe, with I-10 connectivity to Los Angeles, Phoenix, Houston, New Orleans, and Jacksonville, FL. Excellent opportunity for large-scale farming, renewable energy adjacency, or long-term investment in one of Californias strongest agricultural corridors.

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