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$ 8,901,360
Est. payment /mo
Active
6505 10th Avenue Hanford, CA 93230
2 Beds
1,716 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Row Crop
Listing Status Active
Purchase Type For Sale
Square Footage 1,716 sqft
Price per Sqft $5,187
MLS Listing ID 233536
Bedrooms 2
Year Built 1966
Lot Size 370.890 Acres
Property Sub-Type Row Crop
Source Kings County
Property Description
Properties of this calibercombining water security, multiple income streams, and future development potentialare increasingly rare. This offering represents a unique opportunity to control premium ground in a growth corridor while benefiting from existing improvements and agricultural productivity. The property has been historically planted in silage corn and winter wheat row crops. The property includes: Two single-family residences, both currently tenant-occupied and generating rental income Two mobile homes, offering additional residential use or income potential Older dairy facility, suitable for storage, agricultural use, or potential redevelopment subject to zoning and permitting Water availability is a key strength of the property, supporting both current agricultural operations and future land-use flexibility. Located within the Kings County Water District (KCWD) Receives district surface water via two gravity-flow turnouts Supplemental supply from high-quality groundwater Five (5) agricultural wells Three (3) domestic wells Currently irrigated using flood irrigation, well suited for row crops and open farm ground. The property features highly productive soils representative of some of the best farmland in the immediate area, supporting continued agricultural operations. Additionally, its adjacent location to North Hanford positions the property as a strong candidate for future development, subject to applicable county approvals and planning requirements. This dual-use potentialstable agricultural income today coupled with long-term development upsidecreates a compelling investment profile for owner-operators, institutional investors, and developers seeking scale, water security, and strategic location. Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA may limit ground water pumping. For more information, please visit the SGMA website at https://water.ca.gov/programs/groundwater-management/sgma-groundwater-management. The Buyer is responsible for conducting their own research to verify all information related to groundwater and surface water resources, including availability, usage rights, and potential restrictions.
Location
State CA
County Kings
Area North West Hanford
Zoning AL10
Building
Sewer Septic Tank
Water District Water, Well
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Listed by Blake Grilione • Schuil Ag Real Estate, Inc.