83300 58th Avenue Thermal, CA $ 9,650,000
83300 58th Avenue
$ 9,650,000
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83300 58th Avenue

Thermal, CA, 92274
$ 9,650,000
Baths0.0

Monthly Estimate*

$ 60,203

83300 58th Avenue, Thermal, CA 92274 - Image 1
83300 58th Avenue, Thermal, CA 92274 - Image 2
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Studio

Lots and Land for sale in Thermal, CA

for $9,650,000. The lot size is 59.03.

The subject property is located in the County of Riverside (COR) Vista Santa Rosa Community. The COR General Plan Foundation Policy overlay is Community Development (CDO), meaning land use may be low to high density residential among the many uses allowed under this zone classification. The property is also in the City of La Quinta Sphere of Influence (SOI), meaning the development could be entitled through the COR and the annexed into the City of La Quinta in the future. Sewer is at Jackson St. The property was originally developed as a Coachella Valley based nursery by a wholesale nursery company that distributed its products to Big Box stores in Southern California. Original greenhouse improvement costs ($15 MM) excluding the land, far exceeds the current asking price. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. County of Riverside permitted Cannabis Hemp cultivation for CBD oil production is the most recent agriculture activity at the Nursery facility. Approximately 14 acres of greenhouse is being leased to third parties cultivating Hemp. Rental per acre per month is $8,000 per month. Current General Manager with knowledge base and notoriety in the CBD hemp cultivation industry, willing to work for new ownership, to manage rental income activity moving forward. The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.

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Lots and Land Active

Price

$ 9,650,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

59.03

Town/City

Thermal

County/Region

Riverside

MLS | Web ID

219120051

Features
General
Sewer Unknown
Utilities Electricity Available Electricity Connected
Possession Close Of Escrow
HOA Fee 0.0
View Mountain(s)
Topography Flat
Current Use Farm Agricultural Nursery Tree Farm
County Riverside
Property Type D
HOA No
Subdivision Name Vista Santa Rosa
Distance To Electric 0.0
Distance To Freeway 9 miles
Distance To Sewer Approx. 1500 Lineal Feet
Distance To Street Frontage on Jackson Street
Distance To Water Water Well on property
Possible Use Farm Single Family Nursery Residential Agricultural Investment
Distance To Schools Within 3.5 miles
Status Active
High School Coachella Valley
City Thermal
School District Coachella Valley Unified
Senior Community Y/N No
Zoning Description County
MLS Area 316 - Thermal
Lot Size Square Feet 2571346.8
Listing Terms Cash to New Loan Cash
Elementary School Westside
Middle/Junior High School Toro Canyon
Standard Status Active
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Exterior
Fencing Barbed Wire Fenced Chain Link
Lot Features Agricultural
Water Source Well Storage Tank(s)
Lot Size Area 2571347.0
Spa No
Pool Y/N? No
Lot Size Acres 59.03
Lot Size Source Other
Road Frontage Type County Road
Land Lease Type Fee
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Interior
Total Baths 0
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* Excluded Features
List By
Robert Castro

Listing Agent

Arris Properties

Broker

Affordability Calculator

$60,203
Per Month
100%
0%
0%
Monthly Principal & Interest
$60,203
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3679115 Elementary School
4880961 Middle School
Coachella Valley High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2025$9,650,000 -2.53% Price Down
11/16/2024$9,900,000 Listed Price

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83300 58th Avenue, Thermal, CA, 92274 is a Lots and Land for sale at $9,650,000 with a lot size of 59.03. 83300 58th Avenue is a studio with 0.0 baths. The property's zip code is 92274 which is in Thermal, CA