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- LoopNet Team
10250 Arno Rd
Galt, CA 95632
Galt Ag Land · Land For Sale · 100.50 AC
Investment Highlights
- Estimated over $10,000/month income at close of escrow
- Path of development for possible future subdivision
- Ideal climate with lack of extreme weather
- Double net leased investment opportunity
- Ideal for owner to live onsite and manage operations
- Easy access to adjacent highway (close to Sacramento)
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 100.50 AC |
| Property Subtype | Agricultural |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 100.50 AC |
Description
Over 100 acres of income producing ag land located just five miles south of Sky River Casino (Elk Grove) and 1/2 mile east of Hwy 99. Existing NN farm leases in place from two rented houses, two large barns (10 acres each) plus a 50 acre master lease with estimated $10,000+ per month rent at close of escrow with potential for much more. The property offers 10 acres of established pistachio orchards plus two operational wells on each end of the property. The parcel is not enrolled in the Williamson Act, but is located within the Galt Irrigation District and in the path of residential development with possible future annexation by the City of Galt. Rare opportunity to acquire an income farm property with significant upside by increasing rents and holding for future development. Ideal for 1031 exchange buyer with appreciation for the cool Delta breeze and mild climate (no earthquakes or extreme weather).
PROPERTY TAXES
| Parcel Number | 148-0020-041 | Improvements Assessment | $36,611 |
| Land Assessment | $1,831,191 | Total Assessment | $1,867,801 |
PROPERTY TAXES
zoning
| Zoning Code | AG-80 |
| AG-80 |
