Overview
- Updated On:
- January 12, 2023
Description
An agricultural site offering an amazing long-term investment opportunity for brilliant developers or investors who believe in high profits. Located on West Madera, the site consists of 52 acres of almond farm with potential to become residential in coming years. The farm site is located next to a land which is under development for housing. Within coming 5 years, this agricultural land will become a residential site making it a great 5-year investment plan.
The 52 acres of land site consists of 22.5 acres of Nonpareil, 17.5 acres of Wood Colony, 5 acres of Monterey almonds with average 2300 lbs. production per acre. The site uses drip irrigation and has 450 feet deep well which has water at 190 feet. Also city water basin is located next door so plenty of underground water is available. All pumps are available in good condition.
Currently, the site is being sold at $125k per acre. Farm for 5 year with newer trees producing and then it can be sold to a home builder at higher price. The site is located in MADERA, CA 93637. There are 19,148 households and 72,400 of population within 5 miles of this property.
