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$ 2,073,000
Est. payment /mo
Pending
16441 Iona Avenue Lemoore, CA 93245
3 Beds
2 Baths
1,334 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Row Crop
Listing Status Pending
Purchase Type For Sale
Square Footage 1,334 sqft
Price per Sqft $1,553
MLS Listing ID 233695
Bedrooms 3
Full Baths 2
Year Built 1952
Lot Size 138.190 Acres
Property Sub-Type Row Crop
Source Kings County
Property Description
This ranch presents a strong opportunity for an owner-operator, investor, or multi-generational farming operation seeking scale, infrastructure, and dual-source water in a desirable Kings County farming area. This property features two (2) homes and one (1) agricultural shop suitable for equipment storage and operations. This +/-138.19 acre ranch is currently planted to row crops and has historically been farmed to corn, wheat and hay. The property offers productive, level ground suitable for continued row crop production or conversion to permanent plantings. Four (4) agriculture wells are located on the property and it is within the Last Chance Water District. The property receives a second source of water from the Last Chance Water District via gravity flow delivery. The combination of on-site wells and district surface water provides operational flexibility and strengthens long-term agricultural viability. Access to a reliable second source of water is a major advantage for permanent plantings such as almonds, pistachios, or walnuts. 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 athttps://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 South West Lemoore
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.