82291 61St AveThermal, CA 92274

Property Details for 82291 61St Ave

Year built

1970

Lot size

11.42 AC

Property size (Sq ft)

34,655 SF

Property type

Industrial properties

Property subtype

Refrigeration & cold storage

Description

This exceptional 34,655-square-foot industrial property in Thermal, California, presents a unique investment opportunity. Situated on 11.42 acres, the property includes a 18,000-square-foot warehouse with approximately $1 million worth of date processing equipment (inventory list available upon request), 10,000 square feet of cold storage, and over 2,000 square feet of office space. Additional features include drying and steam rooms. The site also boasts three single-family homes (two with month-to-month tenants) and over 7.5 acres of Medjool date trees yielding approximately 25,000 pounds of fruit annually. The facility, built in 1970, has a 15-foot ceiling height and was designed to process up to 6 million pounds of dates per year, previously handling approximately 4.5 million pounds. Utilities include propane, natural gas, and IID Power. Located in an Opportunity Zone, this property offers significant tax advantages. The versatile layout and zoning allow for various business uses, including cannabis cultivation, manufacturing, and distribution. The asking price is $3,250,000, with a price per square foot of $93.78. The property's APN is 764-300-002.

Location Insight

City

Thermal

County

Riverside

State

California

Latitude

33.6044

Longitude

-116.229

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