320 Acre development property in Earlimart, CA (Tulare County) available for sale. Parcels can be sold individually or as a package. Tulare County is very developer friendly. County officials and departments want to see this project completed and are ready to help. This acreage was recently incorporated into the official Earlimart Community Development Plan and has been designated as the next area of development/expansion for the town of Earlimart. This property is located on the West side of the 99 Freeway and on the north side of Earlimart, CA on Road 136. Earlimart is located in Tulare County, North of Bakersfield/Delano, and South of Visalia/Tulare.
The entire 320 acres recently finished a 12-year process to re-entitle and re-zone this land from Agriculture to a mix of single family residential, multi-family residential(for up to 3,800 apartments), commercial, and industrial develop...
The entire 320 acres recently finished a 12-year process to re-entitle and re-zone this land from Agriculture to a mix of single family residential, multi-family residential(for up to 3,800 apartments), commercial, and industrial development. For an added bonus, this land is located in what the IRS has designated an Economic Opportunity Zone which means that money invested in this land will enjoy decreased or completely eliminated capital gains taxes. The property is 320 acres in 8 parcels as follows:
1-16 acres industrial which has an 8 inch well and 10,000 sf steel building. Several more buildings with large yards can be built on this parcel for added income.
2- 20.5 acres high density (76 units/acre) multi-family
3- 29.69 acres high density (76units/acre) multi-family
4- 11.21 acres commercial
5- 9.9 acres commercial
6- 28.18 acres medium density single family (5 units/acre)
7- 83.99 acres medium density single family (5 units/acre)
8- 118.75 acres medium density single family (5 units/acre)
The property has historically been commercially farmed. 180 acres are planted for almonds, and the other 120 acres are planted with jujubes. The agricultural leases currently produce around $300,000 per year NNN. Two mobile homes on the property also produce income from renters.
We are open to selling parcels individually, or the entire property as a whole.
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