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$ 3,600,000
Est. payment /mo
Active
5250 E Adams Avenue Fowler, CA 93625
28.84 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Permanent Planting
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240866
Lot Size 28.840 Acres
Property Sub-Type Permanent Planting
Property Description
Terra West Group is pleased to present the opportunity to acquire a well-located producing vineyard with residential development potential on Highway 99 and Adams Avenue in Fowler, California. The subject property totals ±28.80 acres and is situated on the north side of Adams Avenue and the west side of Highway 99 offering strong visibility and frontage along Central California's main corridor. This highly visible and accessible location benefits from young, producing vines with a strong winery contract. The property provides very strong development potential as it is in the City of Fowler General plan zoned medium density residential and will be out of the Williamson Act in December 2027. The seller is open to a sale-leaseback of the ranch. The ranch is planted to ±15-acres of Ruby Red Wine Grapes and ±12-acres of Thompson Raisin Grapes. The Ruby Red wine grapes are contract with Gallo Winery on a 13-year contract. Given its size, freeway frontage, and access, the property presents an excellent opportunity for future residential development. In addition, the winery contract, young vines, and potential lease-back structure make this an excellent investment opportunity. All combined, these factors make this a compelling opportunity for investors or developers looking to acquire prime freeway frontage land.
Location
State CA
County Fresno
Exterior
Utilities Available Electricity Available
View Y/N N
Building
Sewer None
Listed by Nic Heinrichs • Terra West Group