Riverside County, CA
This Commercial/Residential land development opportunity is located in a prime area that is experiencing explosive growth with tens of millions of dollars in new commercial projects. Annual cultural events bring in hundreds of thousands of visitors to the area, and tens of millions of dollars in repeat revenues to local businesses. Presently the land is part of a Date Farm that grows Medjool and Deglet Noor Dates with its own well for all water irrigation purposes (Water is drinking quality).
The business and processing facilities occupy an area of 8.64 acres. There are 2 additional lots for sale, one with size of 19.11 acres, and a third with size of 7.81 acres. The land has been zoned for mixed use – commercial and residential. The tract map divides the approximately thirty-six acre project site into two sub-areas. The overall land planning provides for a mixed use development comprised of a 14 (+/-) acre shopping center adjacent to a 21 (+/-) acre area of proposed residential development, consisting of various types and densities. The entire area may be linked together through a landscaped open space system that is easily accessible by the residents and pedestrians from all the areas. The resultant community provides well-designed residential and commercial opportunities with an open space and trail system that encourages a high quality, walkable pedestrian environment.
This farm business comes complete with processing facilities. There are two buildings (40ft by 120ft and 80ft by 120ft), equipped with a freezer unit (20ft by 20ft) and two refrigeration units (40ft by 40 ft each). In addition to processing their own product, the facilities are currently providing processing services for various different handlers/distributors that need product grading and processing. Occasionally the business purchases additional fruit from as many as 10 growers, depending on quality.
In addition to Dates, the farm has approximately 1,820 trees that can be sold for landscaping or production. Retail pricing for a tree ranges from $1,500 to $2,000, with a market value of over $3MM.
Thank you for signing up for the BizBuySell bulletin.
Sign up for the BizBuySell Bulletin and get advice on:
You can opt out of the BizBuySell Bulletin at any time.
Get free alerts via email when new businesses are listed matching your Riverside County Food And Kindred Pro... search criteria.