For Sale
$6,557,460

0 Nec Palazzo Rd & Hereford RdLos Banos, CA 93635

252 Acres, Abundant Water Rights

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: 252.21 acres of prime agricultural land in Los Banos, CA, located at the Northeast corner of Palazzo Rd & Hereford Rd (APN: 073-080-013, 073-110-018, 073-110-023, 073-120-024, 073-120-025). This property boasts exceptional water rights from the San Luis Canal Company, renowned for its reliable water supply even during severe droughts. The land comprises three farmed fields totaling 252.21 acres; Field 1 (107 acres) and Field 2 (81 acres) are currently planted in second-year alfalfa, while Field 3 (73 acres) is in cotton. Note that a tenant is currently farming 9.2 acres within Field 3, which are not included in this sale. The San Luis Canal Company's pre-1914 appropriative water rights provide a significant advantage. The ground lease expires December 31, 2024. The property is zoned A-2, and the asking price is $6,557,460, translating to $26,000 per acre. This represents a unique opportunity to acquire a highly productive agricultural property with secure water rights in a desirable location. The property is conveniently located in Merced County, CA, zip code 93635. This offering presents a compelling investment prospect for discerning agricultural investors.

Highlights

  • $6,557,460 asking price for 252.21 acres of agricultural land.
  • Located at NEC Palazzo Rd & Hereford Rd, Los Banos, CA 93635.
  • Property consists of five parcels (APN: 073-080-013, 073-110-018, 073-110-023, 073-120-024, 073-120-025) with A-2 zoning.
  • Includes valuable water rights from the San Luis Canal Company.
  • Ground lease expires December 31, 2024.

Property Details for 0 Nec Palazzo Rd & Hereford Rd

Property type
Land, Farms
Lot Size (sq. ft)
10,986,268 SF

Location Insight

City
Los Banos
County
Merced
State
California
Latitude
37.129361772109
Longitude
-120.74575279021
Nec Palazzo Rd & Hereford Rd, Los Banos, California

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0 Nec Palazzo Rd & Hereford Rd
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