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 properties760-771-5475
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:533 day(s) ago
- Updated:May 03, 2026 at 10:43 AM
Structure and exterior
- Lot area:59.03 Acres
- Lot Features:Agricultural, Flat
Utilities
- Water:Well
Finances and disclosures
- Price:$9,650,000
New listings near 83300 58th Avenue
- New
$1,350,000Active3 beds 2 baths1,704 sq. ft.67900 Fillmore Street, Thermal, CA 92274
MLS# 219147277DAListed by: EQUITY UNION - New
$19,500Active0.24 Acres1357 Leeward Ave, Thermal, CA 92274
MLS# 26827859ICListed by: DESERT GOLD PROPERTIES INC. - Open Sun, 2:30 to 5:30pmNew
$370,000Active4 beds 2 baths1,435 sq. ft.2776 Leto Avenue, Thermal, CA 92274
MLS# 219147154DAListed by: MY DESERT REALTY, INC. - New
$60,000Active0.45 Acres2074 Center Street, Thermal, CA 92274
MLS# 219147149DAListed by: JESUS MARTINEZ, BROKER - New
$30,000Active0.23 Acres2538 Sea Haven, Thermal, CA 92274
MLS# CV26093754Listed by: EXP REALTY OF CALIFORNIA INC - Open Sun, 11am to 2pmNew
$275,000Active3 beds 2 baths1,467 sq. ft.783 Molokai, Thermal, CA 92274
MLS# PW26092459Listed by: WERE REAL ESTATE INC - Open Sun, 11am to 2pmNew
$275,000Active3 beds 2 baths1,467 sq. ft.783 Molokai, Thermal, CA 92274
MLS# PW26092459Listed by: WERE REAL ESTATE INC - New
$255,000Active2 beds 2 baths864 sq. ft.1170 Harvard Avenue, Thermal, CA 92274
MLS# 219147074DAListed by: ELITE REAL ESTATE - New
$14,900Active0.27 Acres2268 Palm View Avenue, Thermal, CA 92274
MLS# 219147034DAListed by: MY DESERT REALTY, INC. - New
$12,500Active0.39 Acres1028 Verano Place, Thermal, CA 92274
MLS# 219147011DAListed by: EQUITY SMART REAL ESTATE SERVI