3840 Orcutt Garey Rd - Commercial LAND FOR SALE


Santa Maria, CA 93454- Outer Santa Maria8,973,360 SF
$10,280,000 USD
805-896-4605
3840 Orcutt Garey Rd, Santa Maria, CA for Sale
$10,280,000 USD
Commercial LAND - FOR SALE
1/10
8,973,360 SF

3840 Orcutt Garey Rd
Santa Maria, CA 93454
Outer Santa Maria


HIGHLIGHTS

  • Rare opportunity to purchase irrigated farmland in the Santa Maria Valley, known for good water
  • High rental income for agricultural property
  • In the Ag Preserve (Williamson Act) resulting in favorable property taxes

OVERVIEW

Formerly a vineyard, the Property is now currently farmed to vegetable crops. Historic crop production includes broccoli, strawberries, peppers, squash and peas. There is an existing lease in place with a grower that started farming the Property in March of 2023. The lease is for 160 acres at $2,800 per acre annually with a provision to reduce rent by 3% for timely payment. Therefore, annual farming rent is $434,560. The lease terminates 12/31/25. The lease includes the use of an 1,800 s.f. metal building and yard area. Additionally there is a five bedroom/four bath house that is leased to a special needs care facility which has been leasing the property since 1996,and brings in $97,896 rent annually, bringing in a total annual income of $532,456.

FOR SALE DETAILS

PRICE

$10,280,000 USD

PRICE/ACRE

$49,903/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Dierberg Ranch

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

206 AC

LAND SF

8,973,360 SF

OFFSITE IMPROVEMENTS

-

ZONING

AG-II

APN/PARCEL ID

129-180-023,129-180-033,129-180-034

ASK ABOUT THIS PROPERTY

Larry LahrRincon CorporationMore Info
805-896-4605

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Larry LahrRincon CorporationMore Info
805-896-4605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.