Status: For Sale
Price Per Acre: $31,003
This opportunity is located in the desirable farming area of Delano, CA. It features Highway 99 frontage. The subject property is planted to table grapes with V-Gable Trellis. This unique investment opportunity offers tables grapes, income, tax benefits, district water and well water, Grade-1 excellent soils, and Highway 99 frontage.
1/8th mile south of the intersection of the southwest corner of Avenue 24 and Road 144 north of Delano, CA. Approximately 40± miles north Bakersfield, 149± miles north of Los Angeles and 200± miles south of Stockton.
The offering has both district water and well water for the vineyard. The land is located in and receives surface water from the Delano-Earlimart Irrigation District through an on-site meter 568A. The district entitlement is approximately 2 acre feet at 100% Class 1 allocation; in 2019 there was not a limit on allocated water. In 2020 as of 3-10-2020 the allocation is .85AF/acre, subject to change. The district levies two primary charges; in 2020 the Water Use Charge was $145/acre foot plus lift charges if applicable, and the four land-based assessments total $135.86/acre. The ag well is equipped with a 50HP submersible pump. On 4-5-2019 pump test indicated 220± GPM total. The vineyard is irrigated with a drip system.