2,157 ac- Interstate 5 Frontage, Shop/Office, Eucalyptus, Irrigation Wells

Property Overview

  • Price: $20,680,500
  • Address: 22400 Sourgrass Road, Corning, CA 96021
  • Lot size: 2,157 acres

Property Details

2,157 contiguous acres located at 22400 Sour Grass 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. The property has 1 +/- mile of Interstate 5 freeway frontage with freeway overpass to State Highway 99W. Other improvements include 11 irrigation wells, gravel/graded roads, shop/office plus fenced yard.

Location: This parcel group is located about 5 miles southwest of Corning with I-5 frontage and access to State Highway 99W using freeway overpass. The address is 22400 Sourgrass Road, Corning, CA 96021

Water: The land is within the Corning sub-basin of the Sacramento Valley groundwater basin designated as a high priority basin. It has 11 irrigation wells, 6 with pump stations. See attached well map.

Soils: Per Natural Resource Conservation Services nearly 72% of the soils are rated Class 4, 24% rated as Class 3 soils, with the balance rated Class 6 or higher. The primary soil type is Corning-Newville gravelly loams, 3 to 10 percent slopes. See attached soils map.

Zoning: This parcel group is comprised of (7) contiguous assessor parcels. Zoning is AG-2, Agricultural – 20 acre minimum. 2 of 7 parcels are enrolled in the Williamson Act. See attached schedule of Assessor Parcel Numbers.

Opportunity Zone: All 7 parcels within this parcel group are within an Opportunity Zone. Buyers are advised to consult with their tax advisor for potential benefits.

Land Use Plan: Seller prepared a preliminary Land Use Plan to develop nearly 1,200 acres fronting and west of Interstate 5. Proposed uses range from General Commercial, Light Industrial, Community Commercial, One Family Residence, Residential Estate, School/Park & Public/Semi-Public Open Space. See attached plan.

Shop/Office: Built in the 1980’s, this 8,000 SF building with metal farming and roof has concrete floor, 480 power and multiple rollup doors plus 2,880 SF of finished interior office space.

Mineral Rights: Oil, gas, mineral & water rights owned by Seller to transfer to Buyer.

Depreciation: Improvements such as the trees, wells and irrigation systems and shop/office 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 is available.

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

Listing Price: $20,680,500 cash to Seller, $9,584/acre using 2,157 deeded acres

AG-LAND Investment Brokers
Bert Owens, DRE 01707128

(530) 949-4054
AG-LAND Investment Brokers
Sam Mudd, DRE 01707128

(530) 524-4900
Western Agricultural Services
Jim Rickert, DRE 00476528

(530) 949-1078
Western Agricultural Services
Jim Rickert, DRE 00476528

(530) 510-2150

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