83300 58th Avenue, Thermal, CA 92274
Local realty services provided by:ERA North Orange County Real Estate
83300 58th Avenue,Thermal, CA 92274
$9,650,000
- 59.03 Acres
- Lots / Land
- Active
Listed by: robert castro
Office: arris properties
MLS#:219120051DA
Source:CRMLS
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 #:219120051DA
- Added:402 day(s) ago
- Updated:December 19, 2025 at 02:14 PM
Structure and exterior
- Lot area:59.03 Acres
Utilities
- Water:Well
Finances and disclosures
- Price:$9,650,000
New listings near 83300 58th Avenue
- New
$30,000Active1.08 Acres2678 Sea Port Ave., Thermal, CA 92274
MLS# JT25277574Listed by: CHERIE MILLER & ASSOCIATES - New
$120,000Active0.54 Acres2025 Haven Road, Thermal, CA 92274
MLS# PTP2509230Listed by: BUYSDHOUSES - New
$15,000Active0.24 Acres2316 Shore Gem Avenue, Thermal, CA 92274
MLS# PTP2509231Listed by: BUYSDHOUSES - New
$15,000Active0.23 Acres2362 Shore Gem Avenue, Thermal, CA 92274
MLS# PTP2509232Listed by: BUYSDHOUSES - New
$8,000Active0.23 Acres2310 El Dorado, Thermal, CA 92274
MLS# SR25279044Listed by: REAL BROKERAGE TECHNOLOGIES, INC. - New
$2,200,000Active40.9 Acres0 Fillmore St, Thermal, CA 92274
MLS# 219140199DAListed by: DESERT PACIFIC PROPERTIES - New
$40,000Active0.18 Acres2092 Haven Drive, Thermal, CA 92274
MLS# 219140176DAListed by: DESERT BLOOM REALTY - New
$60,000Active0.16 Acres2094 Haven Drive, Thermal, CA 92274
MLS# 219140178DAListed by: DESERT BLOOM REALTY - New
$215,500Active3 beds 2 baths1,374 sq. ft.2351 Lanai Lane, Thermal, CA 92274
MLS# 219140109DAListed by: EQUITY UNION - New
$215,500Active3 beds 2 baths1,374 sq. ft.2351 Lanai Lane, Thermal, CA 92274
MLS# 219140109Listed by: EQUITY UNION