1,686 ac- Eucalyptus, Almonds, Irrigation Wells

Property Overview

  • Price: $16,209,000
  • Address: Black Butte Road, Corning, CA 96021
  • Lot size: 1,686 acres

Property Details

1,686 contiguous acres located off Black Butte Road, about 5 miles southwest of the Corning City limits, within the unincorporated Tehama County. The property consists of irrigated land primarily planted to Eucalyptus with a portion planted to producing almond orchard.

Location: This parcel group is located about 5 miles southwest of Corning with access to nearly 1/2 mile of Black Butte Road frontage.

Water: The land is within the Corning sub-basin of the Sacramento Valley groundwater basin designated as a high priority basin. It has 9 irrigation wells, 2 with pump stations. See attached irrigation well map.

Soils: Per Natural Resource Conservation Services nearly 80% of the soils are rated Class 4, the balance of the soils are rated as Class 3. The primary soil type is Corning- Redding gravelly loams, 0 to 5 percent slopes. See attached soils map.

Almonds: The orchard is planted on a 311 acre parcel, APN 061-340-010 located in the north west portion of this parcel group with frontage along Black Butte Road, a paved County road. Approx. 112 acres were planted in 2018, 50% Nonpareil, 25% Monterey, 25% Bennet all on Krymsk rootstock. Tree spacing is 14’ x 24’, 129 trees per acre on a U- hook trellis system, irrigation is by micro sprinkler. The almonds are planted on land formally used for eucalyptus production (eucalyptus removed in 2013). 2023 production is estimated at 2,500 meat pounds per acre.

Zoning: This parcel group is comprised of (5) contiguous assessor parcels. Zoning is AG-2, Agricultural – 20 acre minimum. Except for parcel number 085-100-003, the parcels are enrolled in the Williamson Act. Parcel number 061-340-011 located in the northeast portion of the group has frontage along Black Butte Road. See attached schedule of Assessor Parcel Numbers.

Opportunity Zone: 1 of 5 parcels within this group is currently within an Opportunity Zone. Buyers are advised to research if other parcels could be added to the Opportunity Zone and should consult with their tax advisor for potential benefits.

Mineral Rights: Oil, gas, mineral & water rights owned by Seller to transfer to Buyer. Depreciation: Improvements such as the trees, wells and irrigations systems may offer

prospective Buyer’s deprecation advantages.

Comments: Sellers require all Buyers to be prequalified and sign Confidentiality and Non-Disclosure and Property Access Agreement. Additional acreage also available.

Showing: Call Listing Broker, 24-hour notice, Listing Broker to accompany

Listing Price: $16,209,000 cash to Seller, $ 9,611 /acre using 1,686 deeded acres

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