1851 14Th AveBlythe, CA

Property Details for 1851 14Th Ave

Year built

1980

Lot size

510.14 AC

Property type

Investment properties

Description

This exceptional 510.14-acre property in Blythe, CA, presents a significant investment opportunity. Located on the Southern California-Arizona border, it boasts a substantial warehouse, a separate house, and abundant land with established water rights and all utilities connected. The existing warehouse generates an estimated annual revenue between $2 million and $3 million. A comprehensive development plan envisions the construction of 10 to 12 additional warehouses, projecting a potential value between $160 million and $250 million. The property is zoned M38, M3, A1, and R1, allowing for industrial, manufacturing, commercial, and agricultural uses. Existing licenses cover growth, manufacturing, nursery, transportation, and distribution. Two wells provide additional water resources, supplemented by irrigation water rights from the Palo Verde Irrigation District on two of the parcels. Over $6 million has already been invested in warehouse renovations, land preparation, engineering, reports, project design, land surveys, and environmental impact assessments (CEQA). The current value of the existing project is estimated at $19 million, while the asking price represents the fair market value of just one of the five parcels. This prime location offers easy freeway access (off Freeway 10) and proximity to major transportation corridors, equidistant to Prescott and Phoenix, Arizona. The property is situated across from the Hampton Inn Hotel. Financing options are available. The property can be purchased before the auction date, subject to minimum requirements.

Location Insight

City

Blythe

County

Riverside

State

California

Latitude

33.603

Longitude

-114.692

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