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Possibility of Huge tax benefits to the buyer. Buyer is advised to seek tax and legal advise. This offering consists of a 119.83 acre Olive Grove Subdivided into , 2.5 acre lots. All studies,reports including EIR have been completed. This project has completed requirements as per the State of California and Tulare County Board of supervisors and tentative map approved. Project approved for engineered septic systems. There are a total of 26 wells, 16 with pumps and 8 well are used for irrigation. The entire ranch is watered through a solid set irrigation system and a 3,000,000 gallon capacity reservoir, with a1400 GPM Flow-Guard self cleaning filter system. The 10 year production average is 6.1 tons/acre, with the state average is only 3 tons/acre. This is a high quality Olive ranch. Manzanillo variety.The 9 year average annual income is $516,983. This income can help offset the cost of development. Great opportunity for the investor to take advantage of the tax benefits and develop into home sites. Purchase price of 6.1 Million was established as per a licensed commercial appraisal. Crop is included
Based on information from California Regional Multiple Listing Service, Inc. as of October 18th, 2019 at 10:02am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.