About 19.9 acres with a chain link fence around the perimeter in a prime location.
Lots of potential as a going concern growing dates and palms, and maybe building a packing house. Or leasing and selling palms, or selling all the palms and developing the land.
Currently income is generated from a flat fee received from the fruit, which is maintained and harvested by a private party, and from the sale of palms.
Property is a in a prime location. It is in Thermal, California. You can see it here on Google maps, Opportunity Zone Map
There are approximately 4,000 medjool date palms, and currently producing around 100,000 pounds of Medjool Dates. The actual production varies, but in general has been going up as the smaller date palms reach maturity.
Medjool Dates retail around $6 per pound.
The date palms, the phoenix dactylifera palms sell around $1,100 each.
The majority of the palms are prime size most are under 30 feet trunk size.
A lot of palms are not at prime production, so the gross production of dates is expected to grow exponentially in the next few years.
This is not just land, it is income generating land.
The owner is almost 80 years old and now retired.
Asking price $4.1 million, essentially the value of the date palms, a nice investment for someone interested in growing dates on land that with potential to significantly appreciate over time.
Call Arnold Hernandez, or email to schedule a tour.
Arnold Hernandez, Cal. Real Estate Broker's Lic. No. 01096139. All information based on estimates and taken from second hand sources. Buyer to exercise due his or her own diligence in inspecting, meaursing and otherwise insuring the property is to his or her satisfaction. No promises are guarantees are made as to the suitability of this property for your particular needs.