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Lone Tree Road
Oroville, CA 95965
Palermo Ranch · Land For Sale
·
230.00 AC
INVESTMENT HIGHLIGHTS
- Abundant Well Water
- Prime for Production
- ± 145 Gross Acres - Prunes/Almonds
- Tax Benefits
- The Prune/Almonds are irrigated by 2 wells and the Walnuts are irrigated with a separate well all on microjets. All 3 wells are on electric.
- ± 85 Gross Acres - Walnuts (On a Long Term Lease)
EXECUTIVE SUMMARY
This ± 230 gross assessed acre offering is a Prune/Almond/Walnut Ranch located in Palermo, CA. The Ranch is prime for production in a desirable farming area. It’s irrigated with an abundance of water through 3 Ag wells on a micro-jet system. It consists of 6 separate parcels. The Walnuts are on a long-term lease. The Prunes are high density with approximately 172 trees to the acre. Easy access to both ranches off of Lone Tree Road.
The asking price for the ± 145 Acres of Prune/Almonds is $3,900,000 ($26,900 per gross acre) with the 2024 crop included in the purchase price subject to the Buyer’s reimbursement of the Seller’s cultural cost expense from 2023 post-harvest until the close of escrow. ± 85 Acres of leased Walnuts is $675,000 ($7,941 per gross acre).
The Walnuts are leased for 25 years, total of 18 years remaining.
The asking price for the ± 145 Acres of Prune/Almonds is $3,900,000 ($26,900 per gross acre) with the 2024 crop included in the purchase price subject to the Buyer’s reimbursement of the Seller’s cultural cost expense from 2023 post-harvest until the close of escrow. ± 85 Acres of leased Walnuts is $675,000 ($7,941 per gross acre).
The Walnuts are leased for 25 years, total of 18 years remaining.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Agricultural |
| No. Lots | 1 | Total Lot Size | 230.00 AC |
| Property Type | Land | ||
| Zoning | AG-20 - Agricultural - 20 Acre Min. Parcel Size | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 230.00 AC |
| Zoning | AG-20 - Agricultural - 20 Acre Min. Parcel Size |
1 LOT AVAILABLE
Lot
| Price | $5,633,688 CAD | Lot Size | 230.00 AC |
| Price Per AC | $24,494.29 CAD |
| Price | $5,633,688 CAD |
| Price Per AC | $24,494.29 CAD |
| Lot Size | 230.00 AC |
Six (6) parcels situated on the east & west sides of Lone Tree Road, north of Cox Lane, and to the northeast of intersection of Lone Tree Road & Cox Lane, Palermo, CA.
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