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83300 58th Avenue, Thermal, CA 92274
$9,650,000
Property Type:
Land
Lot Size (sq. ft.):
2,571,347
Status:
Active
Current Price:
$9,650,000
List Date:
11/16/2024
Last Modified:
10/17/2025
Overview
Description
...
(Read more)
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.
Listing Details MLS# 219120051
General Property Information
- Pool
- No
- Lot Acres
- 59.03
- Lot Size Source
- Other
- Zoning
- A-1
- Zoning Source
- County
- Topography Y/N
- No
- Cross Streets
- Jackson Street
Property Features
Present Use:
Agricultural; Farm; Nursery; Tree Farm
Potential Use:
Agricultural; Farm; Investment; Nursery; Residential; Single Family
Fencing:
Barbed Wire; Chain Link; Fenced; Security
Utilities:
Electricity Available; Electricity Connected
Road Frontage:
County Road
Assessments:
Buyer to Verify
Sale Type:
Standard
Listing Terms:
Cash; Cash to New Loan
Possession:
Close Of Escrow
Lot Features:
Agricultural
Site:
Rural
View Type:
Mountain(s)
Disclosures:
Property As Is
Sewer:
Unknown
Water:
Storage Tank(s); Well
Land Lease Type:
Fee Simple
Listing Location and Property Info
- APN
- 764170008
- Original List Price
- 9900000
- Street #
- 83300
- Street Name
- 58th
- Street Suffix
- Avenue
- County
- Riverside
- State
- CA
- Zip Code
- 92274
- Area
- 316 - Thermal
- Country
- US
Listing Info
- School District
- Coachella Valley Unified
- Elementary School
- Westside
- Junior Middle School
- Toro Canyon
- High School
- Coachella Valley
Tax Info
- Tax Mello Roos
- No
Property Info
- Senior Community
- No
- Gated Community
- No
- Current Geological
- No
- Survey
- Buyer Pays
- Staked
- No
- Public Street
- Yes
- Water Well
- Yes
- View
- Yes
More Information
Status Change Info
- Status Change Date
- 2024-11-15
Currently Not Used
- Bonds & Assessments
- No
- Street Lights
- No
Land Info
- Fence Condition
- Chain Link with top Security Razor
- Ingress Egress
- Avenue 58
- Possible New Zone
- Future La Quinta SOI Low Density R-1
- Topography
- Flat
- Trees
- Palm Trees
- Units Per Acre
- Up to 4
- Improvements
- 14 Acres of Greenhouses
Distance Info
- Distance to Freeway
- 9 miles
- Distance to Schools
- Within 3.5 miles
- Distance to Sewer
- Approx. 1500 Lineal Feet
- Distance to Street
- Frontage on Jackson Street
- Distance to Water
- Water Well on property
Land Misc
- Usable Land Percent
- 100
- Well Gallons Per Minute
- 500
- Well Hole Size
- 1000 feet depth
- Well Pump Horsepower
- 60
HOA Information
- Association
- No
Listing, Location and Property Info
- Entry Date
- 2024-11-15
- Land Type
- Fee
Present Use
- Agricultural
- Yes
- Farm
- Yes
- Nursery
- Yes
- Tree Farm
- Yes
Potential Use
- Agricultural
- Yes
- Farm
- Yes
- Investment
- Yes
- Nursery
- Yes
- Residential
- Yes
- Single Family
- Yes
Fencing
- Barbed Wire
- Yes
- Chain Link
- Yes
- Fenced
- Yes
- Security
- Yes
Utilities
- Electricity Available
- Yes
- Electricity Connected
- Yes
Sale Type
- Standard
- Yes
Road Frontage
- County Road
- Yes
Assessments
- Buyer to Verify
- Yes
Listing Terms
- Cash
- Yes
- Cash to New Loan
- Yes
Possession
- Close Of Escrow
- Yes
Lot Features
- Agricultural
- Yes
Site
- Rural
- Yes
View Type
- Mountain(s)
- Yes
Disclosures
- Property As Is
- Yes
Sewer
- Unknown
- Yes
Water
- Storage Tank(s)
- Yes
- Well
- Yes
Land Lease Type
- Fee Simple
- Yes
Documents
Listing Office:
Arris Properties
Listing Agent:
Robert Castro
Last Updated: October - 17 - 2025
Information deemed reliable but not guaranteed.

Offering Memorandum ›