Earlimart Multi-Use Development Project
Price: Negotiable
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320 total acres - Located in Earlimart, CA in an IRS designated Economic Opportunity Zone which gives the buyer of this property potentially HUGE tax benefits. Seller financing is available on the sale of these parcels.
After a 12-year process, this ag land has been re-entitled for development and incorporated into the Earlimart Community Plan and Tulare County General Plan. The lot lines have been adjusted and recorded to comport to the new zonings.
Parcels can be sold together or individually. Entitlements for this acreage are in 8 legal contiguous parcels as follows:
9.90 acres zoned Commercial
11.21 acres zoned Commercial
16.00 acres zoned Industrial
20.50 acres High Density Multi-Family (76 units per acre)
29.69 acres High Density Multi-Family (76 units per acre)
28.18 acres Medium Density Single Family Houses
83.99 acres Medium Density Single Family Houses
118.75 acres Medium Density Single Family Houses
This property currently produces Jujubes and Almonds under NNN leases (with buyout clauses to accommodate development), and has two mobile home sites with equipment yards. The property enjoys riparian rights from Deer Creek which winds its way through the northern edge of the property. Deer Creek also recharges the water table for the property's ground wells. A 10,000 SF steel building on the industrially zoned parcel is currently under lease partway through a 3-year term.
Water-
This property is a member of the Pixley Irrigation District. Irrigation water is produced by two 16" wells on the east side of Road 136. They produce a combined ~1,700 gallons per minute. Another 16" well is on the west side of Road 136 and produces ~1,200 gallons per minute. There are 5" domestic wells at both mobile home sites and an 8" well that produces ~500 gallons per minute on the 16 acre Industrial parcel for the 10,000 SF steel building on the north side of the creek.
