5,069 contiguous acres located off Brannin Road of the Corning City limits, within the unincorporated Tehama County. The property consists of irrigated land primarily planted to Eucalyptus.
Location: This parcel group is located about 5 miles southwest of Corning.
Water: The land is within the Corning sub-basin of the Sacramento Valley groundwater basin designated as a high priority basin. It has 16 irrigation wells, 14 with pump stations. See attached well map.
Soils: Per Natural Resource Conservation Services nearly 86% of the soils are rated Class 4, 8% rated 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 (36) contiguous assessor parcels. Zoning is AG-2, Agricultural – 20 acre minimum. 10 of 36 parcels are enrolled with the Willamson Act. See attached schedule of Assessor Parcel Numbers.
Opportunity Zone: A portion of 1 of 36 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 is available.
Showing: Call Listing Broker, 24 hour notice, Listing Broker to accompany
Listing Price: $28,489,500 cash to Seller, $5,619/acre using 5,069 deeded acres