Pearson Realty

5,014.93 acs. Central California Pistachios & Farmland

$80,539,000

Corcoran, CA

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Status: For Sale
Acres: 5014.93±
Price Per Acre: $16,060


Description

This 5,014.93± assessed acre opportunity is in the closely held farming area of Corcoran, Ca. The land is planted to 420.80± acres of Pistachios, and 4,104.20± acres are used for row and field crops, with the balance land being for the shop areas, roads, ditches and canals. The land has proven to be well suited for its current use and the remaining farmland may be well suited to develop additional pistachios and/or for mitigation for SGMA. The offering has 1 shop with fenced equipment yard, and 1 pole barn. This investment grade opportunity offers income, Pistachios in production, tax benefits, good location, and both district water and well water.


Location

There are 2 groupings of the landholdings all of which are close proximity to each other and the town of Corcoran, Ca: (1) W Corcoran - Just west of Corcoran, Niles Avenue to the north, Plymouth Avenue to the south, W Cross Creek Branch to the west and 7th Avenue to the east. (2) SW Corcoran - West side of 6th Avenue (Dairy Avenue) beginning at Racine Avenue. Approximately 21± miles south of Hanford, 232± miles south east of San Francisco, and 174± miles north of Los Angeles.


Legal

See brochure for a complete list.


Water

The offering has both district water and well water. The farm is located in and receives water from Corcoran Irrigation District. Included in the sale are the owner’s Southeast Lake Water Company stock for water in Pine Flat Lake. Additionally, there are 2 non-active ag wells. The orchards are irrigated with single line drip to the youngest pistachio blocks and double line drip in the balance of the trees, each system has sand media filters. The shop on field 19 has a domestic well.

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