Pearson Realty

279.77 acs. River Ranch

$6,720,000

Lemoore, CA

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Status: For Sale
Acres: 279.77±
Price Per Acre: $24,020


Description

This opportunity consists of 279.77± assessed acres of spectacular river front land along the north and south forks of the Kings River. The FSA office shows the farm is 262.87± crop land acres. According to the planting map provided by the tenant, the land is planted to approximately 79.6± acres of pluots and plums, 158.8± acres to corn, 14.2± acres of cherries in the process of being removed, with the balance of the site being roads, levees, home site and unusable land. The property is well suited for permanent plantings and for the longer term, its water rights and location make it a solid investment for the future.


Location

The offering is located at the divergence of the north and south fork of the Kings River. Road access is from the east end of Elgin Avenue, from Flint Avenue and from Everett Avenue, east of Highway 41. Property is 30± miles south of Fresno and 4± miles north of Lemoore, California in Kings County.


Legal

APNs: 004-171-077, 004-171-078, 004-172-001, 004-070-026, 004-070-079, 004-100-004, 004-100-022, 004-100-023, 004-100-39 and 004-100-055. In addition, there is a 6± acre parcel (004-100-068) which is contiguous and which Seller has a 50 year (40+ remaining) prepaid lease on. The parcel may be purchased for $1.00 after parceling.


Water

WATER: Most of the farm has access to Riparian water from the Kings River. In addition, it is in the Laguna Irrigation District and there are seven active wells, three river pumps, and one ditch pump. The owner reports one irrigation well that was drilled in the last five years and the other major irrigation wells have all been upgraded in the last five years. The horsepower on each well ranges from 7.5 to 100. IRRIGATION: The property is completely pipelined with concrete and PVC pipelines. There is one irrigation valve per tree row on most of the parcels. In addition, there are 4 tile drainage systems with lift pumps on the property to return excess water from the Kings River back to the river during high flow years.


Zoning

The land is zoned AG-20, 20 acre minimum parcel size. The entire property is under a Williamson Act contract, except 004-171-077. APN 004-171-077 is a 2.5± acre parcel and may make an ideal homesite.


Comments

ENVIROMENTAL: During Sellers ownership of the property, they report no fuel spills or contamination of the property and Seller is unaware of any illegal storage or use of hazardous materials on the property. However, anyone interested in the property must make their own determination of the environmental condition of the property. NOTES: The property is being offered AS-IS with all faults and defects. To Seller’s actual knowledge, the information contained herein is correct. However, any interested party is responsible, at its own cost, to conduct its own due diligence evaluation of the property.

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