For Sale
$48,400,638

6600 Rd Teviston, CA 93219

29 Acres, High-Density Multifamily, R-3 Zoning

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 29.69-acre development opportunity in Earlimart, California, presents a unique chance to build a substantial multifamily project. Located at 6600 Rd 136, Tulare County (APN 318-120-013), this property boasts R-3 High-Density Multifamily zoning, permitting up to 76 units per acre. The land is situated within an economic opportunity zone, offering potential tax advantages. Seller financing is available, making this an even more attractive investment. This site has undergone a comprehensive 12-year entitlement and re-zoning process, culminating in its official incorporation into Tulare County's community development plan. The Tulare County Planning and Building Departments actively support this project's progression. Extensive environmental impact reports (EIR) and other state-mandated requirements have already been completed due to the property's inclusion in the Tulare General Plan. The asking price is $48,400,638, translating to approximately $21,450 per projected unit. This is a turnkey opportunity for high-density multifamily development in a strategically advantageous location.

Highlights

  • 29.69-acre development site in Earlimart, CA, ideal for high-density multifamily.
  • R-3 zoning allows up to 76 units per acre.
  • Located in an Opportunity Zone, offering potential tax benefits.
  • Seller financing available.
  • $48,400,638 asking price; approximately $21,450 per projected unit.

Property Details for 6600 Rd

Property type
Land, Farms

Location Insight

City
Teviston
County
Tulare
State
California
Latitude
35.9084214
Longitude
-119.2670104

FAQs

What type of property is this?
Land - 29 Acres, High-Density Multifamily, R-3 Zoning
Where is the land located?
The property is located at 6600 Rd Teviston, CA.
What is the asking price?
The asking price for this property is $48,400,638.
What are key features of this property?
This property features: 29.69-acre development site in Earlimart, CA, ideal for high-density multifamily.; R-3 zoning allows up to 76 units per acre.; Located in an Opportunity Zone, offering potential tax benefits.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6600 Rd
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