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114 Acres of Agricultural Land Offered at £986,250 in Calexico, CA 92231

Investment Highlights

  • Highly productive ground previously farmed to organic vegetables
  • Laser leveled in late 2020
  • Efficient with almost full farmable acreage
  • Above average water allocation : 713.6 AF (6.52 AF/AC)
  • Strong in place lease rate
  • Hwy 111 frontage and close proximity to Calexico city limits provides for future development potential

Executive Summary

Alder 22 benefits from proximity to the City of Calexico and offers potential upside from future development.

Property Facts

Price £986,250
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Agricultural
Total Lot Size 114.00 AC
Opportunity Zone Yes

1 Lot Available

Lot Alder 22

Price £986,250
Price Per AC £8,651
Lot Size 114.00 AC

Cushman & Wakefield is pleased to present the opportunity to acquire 114± acres of prime farmland. Historically, the property has been farmed to a mix of vegetables but is currently farmed to Bermuda grass.

Description

Ideally located along Highway 111 just north of the City of Calexico and within the boundary for public facilities from the unincorporated community of Heber, Alder 22 provides the perfect opportunity to pursue a Specific Plan that could include a mix of much needed housing, regional serving commercial, highway commercial and industrial. The property benefits from a favorable land use and Highway 111 frontage at a signalized interchange at the southeast corner, allowing for easy access and great visibility for the vehicle and truck traffic moving through the Calexico Port of Entry.

zoning

Zoning Code A-2-G-SPA (General Agriculture – Geothermal – Specific Plan Area Overlay)
A-2-G-SPA (General Agriculture – Geothermal – Specific Plan Area Overlay)
  • Listing ID: 33662627

  • Date on Market: 28/10/2024

  • Last Updated:

  • Address: Calexico, CA 92231

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