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$ 40,000,000
Est. payment /mo
Active
20303 Road 4 Chowchilla, CA 93610
3,207.7 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
MLS Listing ID 644030
HOA Y/N No
Year Built 2012
Lot Size 3207.700 Acres
Property Sub-Type Farm
Property Description
Reported 2,458.51 net planted acres of wine grape vineyards. Another 453.27 acres are contained within open areas where vineyards were recently removed to provide set-aside land for water purposes with 3.10 acres in three reservoir sites, 7.55 acres in four farmsteads, 9.90 acres in yard areas, 10.40 acres in two solar sites and 258.97 acres in supporting farm roads, well sites and periphery.
Irrigation is provided by 20 wells with supplemental water from the Eastside Bypass and the Ash Slough. A portion of the property is also eligible to receive Chowchilla Water District supplies during wet years.
However, the strength of this property is that it is currently under an attractive long-term lease agreementto a high quality tenant with atermination date of December 31,2036. Rent is basedon a payable size of 2,457.20 acres, leaving additional acreage fallow for water set-aside. The lease provides a generous income to the property owner that results in a nearly 10% rate of return! It is perfect for investors or local growers looking to expand while making passive income.
See attached brochure for more information.
Irrigation is provided by 20 wells with supplemental water from the Eastside Bypass and the Ash Slough. A portion of the property is also eligible to receive Chowchilla Water District supplies during wet years.
However, the strength of this property is that it is currently under an attractive long-term lease agreementto a high quality tenant with atermination date of December 31,2036. Rent is basedon a payable size of 2,457.20 acres, leaving additional acreage fallow for water set-aside. The lease provides a generous income to the property owner that results in a nearly 10% rate of return! It is perfect for investors or local growers looking to expand while making passive income.
See attached brochure for more information.
Location
State CA
County Madera
Exterior
Utilities Available Propane, Electricity Connected, Phone Connected
Private Pool No
Building
Lot Description Rural, Total Parcel Only
Sewer Septic Tank
Water Well, District Water Avail, Seasonal Creek
Additional Building Rental House, Mobile Home, Workshop, Shed(s), Other
Schools
Elementary Schools Wilson
Middle Schools Wilson
High Schools Chowchilla
Listed by Randy H Edwards ELT Ranch Properties, Inc.