Active

83300 58th Avenue

Thermal, CA 92274
Mark as Favorite
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.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $9,450,000

AD Id : 89844969

MLS Id : 219151728DA

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

County : Riverside

Subdivision: Marion Oaks

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Main Square Feet: 2571347 Lot Size Acres: 59.03 Lot Size Source: Other Lot Size Square Feet: 2,571,347 Lot Description: Agricultural,Flat

    Property Information

    Subdivision: Vista Santa Rosa Source Property Type: Land Postal Code Plus 4: 8748

  • Listing Price Information

    Listing Price: $9450000
    CashToNewLoan

  • Tax Information

    Parcel Number: 764170008

  • Homeowners Association Information

    Has Association: Yes

  • Utility Information

    ElectricityAvailable, ElectricityConnected
  • Location Information

    Direction: Frontage on Avenue 58. Jackson St. is 1500 LF west of property WaterSource: Well
Sell a home like this and save $566,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Redlands Highway, Thermal, CA, 92274 $5,500 -- -- -- 435,600 Sqft(Lot)
Buchanan Street, Thermal, CA, 92274 $1,750,000 -- -- -- Acres (Lot)--
Buchanan, Thermal, CA, 92274 $1,750,000 -- -- -- Acres (Lot)--
0 Buchanan Street, Thermal, CA, 92274 $1,750,000 -- -- -- Acres (Lot)--
Redlands Highway, Thermal, CA, 92274 $7,500 -- -- -- Acres (Lot)--
Crystal Avenue, Thermal, CA, 92274 $4,500 -- -- -- 1,875 Sqft(Lot)
786 Crystal Avenue, Thermal, CA, 92274 $15,000 -- -- -- 13,781 Sqft(Lot)
754 Kure, Thermal, CA, 92274 $9,000 -- -- -- 9,279 Sqft(Lot)
755 Nihau, Thermal, CA, 92274 $8,500 -- -- -- 9,900 Sqft(Lot)
2224 La Brisa Court, Thermal, CA, 92274 $5,500 -- -- -- 11,125 Sqft(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/03/2026 @ 09:59

MLS: 219151728DA LISTED BY: Robert Castro, Arris Properties 760-771-5475 SOURCE: CRMLS

Homes around $9,450,000

Selling? Save $566,501 when you sell a home like this

Tour with a ByOwner Agent