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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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83300 58th Avenue Thermal, CA 92274
$9,450,000 0 beds, 0 baths
0 sqft
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Agent Remarks

The subject property is located in the County of Riverside (COR) Vista Santa Rosa Community. The COR General Plan Foundation Policy overlay is Community Development (CDO), meaning land use may be low to high density residential among the many uses allowed under this zone classification. The property is also in the City of La Quinta Sphere of Influence (SOI), meaning the development could be entitled through the COR and the annexed into the City of La Quinta in the future. Sewer is at Jackson St.The property was originally developed as a Coachella Valley based nursery by a wholesale nursery company that distributed its products to Big Box stores in Southern California. Original greenhouse improvement costs ($15 MM) excluding the land, far exceeds the current asking price. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. County of Riverside permitted Cannabis Hemp cultivation for CBD oil production is the most recent agriculture activity at the Nursery facility. Approximately 14 acres of greenhouse is being leased to third parties cultivating Hemp. Rental per acre per month is $8,000 per month. Current General Manager with knowledge base and notoriety in the CBD hemp cultivation industry, willing to work for new ownership, to manage rental income activity moving forward.The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 219151728DA
List price is $9,450,000
Beds: 0
Baths: 0
59.03 acres
Lot size: 59.0300
Subdivision: Vista Santa Rosa
County: Riverside
Lot description: Agricultural,Flat
MLS area: 316 - Thermal

Last Updated: 8/21/2026

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This listing belongs to the 316 - Thermal MLS area

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Lat/Long: 33.627720, -116.210838.
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Listing Agent: Robert Castro
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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