37107 Ave 9, Madera, CA 93636

Location

The subject property is located at 37107 Avenue 9, Madera CA 93636 on the north side of Avenue 9 in between Highway 99 and Highway 41. The subject property is 5 miles to the south of the Madera Ranchos and approximately 8 miles from the River Park Shopping Center in Fresno.

Description

The property is located near the Madera Villages Development and has potential for future commercial and residential development. The property currently features a 55’ X 65’ shop with a 1 acre equipment yard 120 acres of almonds and 35 acres of open land.

Parcel #’s

Madera County APN: 049-073-005

Zoning

ARE - 40

Crops

Approximately 120 acres are planted to almonds, the remaining open land has been prepared for permanent planting. The almonds are Non Pareil, Monterey, Independence and Butte Padre.

Soil

According to USDA California Revised Storie Index, Grades 1 & 5 soils; see attached soils map for description.

Water & Irrigation

There are two irrigation wells on the property. Well #1 is a 100 horsepower electric pump drilled to 600 feet and yields 1,100 gallons per minute. Well # 2 is a 225 horsepower Diesel powered pump with a depth of 600 feet and yields 1,100 gallons per minute. The property is located in the Root Creek Creek Irrigation District.

SGMA

The Sustainable Groundwater Management Act passed in 2014 requires groundwater basins be sustainable by 2040 and requires Groundwater Sustainability Plans (GSP) by 2020. GSPs may limit the amount of well water pumped.

For more information go to https://water.ca.gov/Programs/Goundwater-Management/SGMA-Groundwater-Management

Price/Terms

$3,014,160 ($19,000/acre) cash at close of escrow.