Active

83300 58th Avenue

Thermal, CA 92274
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SqFt2,571,347

Sqft(Lot)

The subject property is located in the County of Riverside (COR) Vista Santa Rosa Community. The COR General Plan Foundation Policy overlay is Community Development (CDO), meaning land use may be low to high density residential among the many uses allowed under this zone classification. The property is also in the City of La Quinta Sphere of Influence (SOI), meaning the development could be entitled through the COR and the annexed into the City of La Quinta in the future. Sewer is at Jackson St.The property was originally developed as a Coachella Valley based nursery by a wholesale nursery company that distributed its products to Big Box stores in Southern California. Original greenhouse improvement costs ($15 MM) excluding the land, far exceeds the current asking price. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. County of Riverside permitted Cannabis Hemp cultivation for CBD oil production is the most recent agriculture activity at the Nursery facility. Approximately 14 acres of greenhouse is being leased to third parties cultivating Hemp. Rental per acre per month is $8,000 per month. Current General Manager with knowledge base and notoriety in the CBD hemp cultivation industry, willing to work for new ownership, to manage rental income activity moving forward.The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.

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Detail Ic Property Details

Property Type : Land

Price : $9,650,000

AD Id : 60578211

MLS Id : 219120051DA

Lot Size : 2,571,347 Sqft(Lot)

County : Riverside

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Water Source: Well Sewer: Unknown

  • Fencing

    Barbed Wire,Chain Link

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 59.03
  • Lot Size Source: Other Lot Size Square Feet: 2571347

  • Listing Price Information

    Original List Price: 9,650,000 Listing Contract Date: 2024-11-15
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 764170008

  • Garage and Parking

    Homeowners Association

    Association: Yes

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 316 - Thermal Postal Code Plus 4: 8748 Directions: Frontage on Avenue 58. Jackson St. is 1500 LF west of property Zoning: A-1 Source Property Type: Land Area: 316 - Thermal
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2212 Palm Manor Avenue, Thermal, CA, 92274 $9,500 -- -- -- 9,863 Sqft(Lot)
2230 Palm Manor Avenue, Thermal, CA, 92274 $9,500 -- -- -- 10,508 Sqft(Lot)

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ByOwner last updated this listing 06/07/2026 @ 16:40

MLS: 219120051DA LISTED BY: Robert Castro, Arris Properties 760-771-5475 SOURCE: CRMLS

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