For Sale
$2,385,000

20481 Avenue 26Chowchilla, CA 93610

318 Acres, Almonds, Solar Income

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 318.48-acre agricultural property in Chowchilla, CA (Madera County, zip code 93610, APN 030-161-001, subject to change) presents a unique investment opportunity. The land is zoned AE (Agricultural Exclusive) and is not subject to the Williamson Act. The property boasts approximately 236 acres of established almond orchards, featuring a mix of mature and younger trees planted in 2005 and 2006. Adding significant value are two existing solar facilities on the property, currently generating approximately 512,000 kilowatt-hours annually, with the potential for annual PG&E offset savings of approximately $92,000. These facilities have a combined capacity of 344.5 kWh. Further enhancing the income stream is a 50-acre solar lease agreement on open land, commencing construction in September 2023 and projected for completion by June 2024. This lease generates $1,000 per acre annually, with a 1.5% annual escalator clause. The property is located at 20481 Avenue 26, Chowchilla, CA. This offering presents a compelling blend of established agricultural production and substantial renewable energy income, creating a diversified and potentially high-yield investment. The asking price for this remarkable property is $2,385,000.

Highlights

  • 318.48-acre agricultural property in Chowchilla, CA (Madera County, zip code 93610).
  • 236 acres of established almond orchards (mix of mature and young trees).
  • Two existing solar facilities generating approximately 512,000 kWh annually, with potential $92,000 annual PG&E offset savings.
  • 50-acre solar lease agreement generating $1,000/acre annually, with a 1.5% annual escalator clause (construction starting September 2023, completion June 2024).
  • Asking price: $2,385,000.

Property Details for 20481 Avenue 26

Property type
Land, Farms
Lot Size (sq. ft)
13,872,989 SF

Location Insight

City
Chowchilla
County
Madera
State
California
Latitude
37.127275997731
Longitude
-120.1833550209
20481 Avenue 26, Chowchilla, California

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20481 Avenue 26
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