Pearson Realty

45.3 acs. Lemoore Farmland With Future

$1,200,450

Lemoore, CA

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Status: Sale Pending
Acres: 45.3±
Price Per Acre: $26,500


Description

The property includes prime soils, irrigation water from two irrigation wells and Lemoore Canal. The parcel is in an area of established permanent crops and commercial real estate development. 45.30± acres zoned AL-10 limited agricultural uses with 10 acre minimum parcel size division. The property lies adjacent to the City of Lemoore and is designated in the 2030 General Plan for future Low Density Single Family Residences and service commercial land uses. The property is not enrolled in the Williamson Act Tax Preserve.


Location

The property is located south of Bush Court and 1/4 mile west of 17th Avenue north of Highway 198 and adjacent to the City of Lemoore, CA. Property is 30± miles south of Fresno and 15± miles west of Visalia, California. In the heart of San Joaquin Valley, 3± hours from San Francisco or Los Angeles.


Legal

023-040-006


Water

The property is irrigated with rental water from both Lemoore Canal Company and well water. The main well is a 200HP with electric motor. There is one shallow well with a 5HP electric motor/pump service. Additionally, Lemoore Irrigation Canal district water is available annually. Irrigation water is distributed by a subsurface pipeline system that services the entire farm. New pump and well test can be ordered to establish current condition.


Zoning

AL-10


Comments

1) The existing mineral, oil and gas rights will be conveyed to buyer. 2) Buyer will cooperate with Seller to effect a tax deferred exchange.

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