Kelly Okimoto, Nick Sadek Sotheby's International RealtyPhone: (916) 335-3185
Email: [email protected]
Email: [email protected]
HUGE PRICE REDUCTION! NEW PRICE IS ONLY $4,950,000. If you subtract the cell tower income value from the asking price, the per acre price for the land including the house is just $12,780.00. 313 acres total, 306 acres in one block, plus 7 acres with cell tower. New tower lease is in effect. Tower income is over $45,000/year with 3%/ annual increases. Property is in the San Joaquin Central Water District with irrigation canal on the corner of the property. Water comes from New Melones Reservoir, and the San Joaquin Central District is now merging with the Stockton East District. This is a good thing. Suitable for trees or vines. Has always been dry grazing cattle operation. Highway frontage gives easy access for farm equipment. Hard to find a large block like this in a good location with district water. PRICED RIGHT! Also has a good home for a farm manager or a rental, needs some work. Good Ag ground with district water for this per acre price is unheard of even in todays market. You can still put in an Ag well in San Joaquin County, no problem, so you will have a back-up source for water. Good as gold. Bank your money here. Under all is the land.
