83300 58th Avenue, Thermal, CA 92274
Local realty services provided by:ERA Excel Realty
83300 58th Avenue,Thermal, CA 92274
$9,650,000
- 59.03 Acres
- Lots / Land
- Active
Listed by: robert castro
Office: arris properties
MLS#:219120051
Source:CA_DAMLS
Price summary
- Price:$9,650,000
About this home
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....
Contact an agent
Home facts
- Listing ID #:219120051
- Added:579 day(s) ago
- Updated:June 17, 2026 at 02:27 PM
Structure and exterior
- Lot area:59.03 Acres
- Lot Features:Agricultural
Schools
- High school:Coachella Valley
- Middle school:Toro Canyon
- Elementary school:Westside
Utilities
- Water:Storage Tank(s), Well
Finances and disclosures
- Price:$9,650,000
New listings near 83300 58th Avenue
- New
$10,000Active0.23 Acres2118 Acapulco Avenue, Thermal, CA 92274
MLS# 219149375DAListed by: ARTHUR CERVANTES PROPERTIES - New
$13,000Active0.23 Acres1049 Sea Shore Avenue, Thermal, CA 92274
MLS# 219149190DAListed by: BETTER HOMES AND GARDENS REAL ESTATE - New
$9,900Active0.28 Acres2853 Argus Avenue, Thermal, CA 92274
MLS# ND26124839Listed by: LOANSTAR FINANCIAL - New
$150,000Active3 beds 2 baths1,300 sq. ft.1038 Seaview Avenue, Thermal, CA 92274
MLS# 219149126Listed by: BENNION DEVILLE HOMES - New
$210,000Active3 beds 2 baths1,152 sq. ft.2531 Butte Place, Thermal, CA 92274
MLS# 219149154DAListed by: BENNION DEVILLE HOMES - New
$420,000Active4 beds 2 baths1,170 sq. ft.87135 Airport Frontage, Thermal, CA 92274
MLS# IG26129025Listed by: CAPITIS REAL ESTATE - New
$9,900Active0.18 Acres1362 Bering Boulevard, Thermal, CA 92274
MLS# ND26124821Listed by: LOANSTAR FINANCIAL - New
$9,900Active0.26 Acres1319 Bering Boulevard, Thermal, CA 92274
MLS# ND26124815Listed by: LOANSTAR FINANCIAL - New
$9,900Active0.29 Acres1326 Nile Drive, Thermal, CA 92274
MLS# ND26124819Listed by: LOANSTAR FINANCIAL - New
$9,900Active0.23 Acres2812 Argus Avenue, Thermal, CA 92274
MLS# ND26124827Listed by: LOANSTAR FINANCIAL