580 Oswald Rd, Yuba City, CA 95991

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15.49 acres · 674,744 sqft · $25,823/acre

Acres: 15.49
Sq Ft: 674,744
Per acre: $25,823

Land · Zoned ORCHARD

Description

Perpetual Water Well Easement will be filled by the county with the close of escrow - WATER FOR FREE FOREVER!!! The Independence Almond Orchard is young, only 8 years old; they are going on their third year of production, barely. It's supposed to generate more and more each year to come. You've got about 20 years of tree life to go. It's all set up with a 11-year lease with Harris Farms that pays the land owner 15% of gross crop a year as rent. Using current pricing, the blended almond price is approximately $2.50 per pound. At an average yield of 2,500 pounds per acre, gross revenue equals $6,250 per acre. Fifteen percent of that amount equates to $937.50 per acre. There is also a BUY-OUT, the Farmer Option, for an additional $300k.

Agent & source

Listed by: Lorena Perez
Brokerage: LPT Realty, Inc
DRE: #02050431
Bought with: Maninder Shahi
Phone: (915) 503-9508
Email: [email protected]

MLS # 225121951 Source MetroList Services

Property details

Property Features

Current Use

Agricultural, Orchard

Possible Use

Agricultural, Orchard

Lot features

Corner

Lot dimensions

15.49

Road

City Street, Highway

Topography

Agricultural Leveled

Utilities

Water Source

Agricultural Well, Shared Well, See Remarks

Irrigation

Well

Nearby

Active Pending Closed Rental

Elementary: Yuba City Unified District
Middle: Yuba City Unified District
High: Yuba City Unified District

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