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Colusa Crossings~ Orchard & Planned Development

00 Highway 20
Colusa, CA
$8,883,160.00
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Property Type: Commercial
Property Status: For Sale
Description:

Location:  The property is located along Highway 20 within the Colusa city limits.  It is located across  highway 20 from the Colusa County Fairgrounds and extends to Wilson Road.

APN#:  Colusa County APN#’s:  015-330-033, 015-330-012, 015-330-057, 015-340-011

City of Colusa:  According to the 2010 census the City of Colusa has a population of 5,971.  It was incorporated in 1868 and is named after an Indian tribe that lived in the region.  Colusa is known for its world class duck hunting,  large Victorian homes and tree lined streets.  It has a small town charm that is a major attraction for families wanting to raise kids away from the big city.  Colusa is located within commuting distance from three regionally large cities.  It’s                approximately 60 miles (1 hour) from Sacramento, CA, 22 miles (25 minutes) from Yuba City, CA, and 50 miles (45 minutes) from Chico, CA.

Colusa is poised for substantial growth in the coming years.  There is a severe housing shortage in the community.

Development Opportunity:  Approximately 308.75 acres are located within the city limits of Colusa.  It is zoned planned development.  It is open to a variety of uses within that designation.  Colusa Crossings is ideally located along highway 20 along the western edge of the city limits.  It’s located far enough away from the Sacramento River to not have issues with water seepage in winter months.  Colusa Crossings is the most attractive development opportunity in the City of Colusa.

Utilities:  Colusa Crossings has power and a drainage basin on site.  It is located reasonably close to    both sewer and water.  Per it’s strategic location relative to existing utilities, Colusa Crossings offers an advantage over other future development projects within the City of Colusa.

Current Use:  The property is currently being farmed to row crops.  It’s leased on annual basis to a local row crop farmer.  Crops grown in the past have been the major row crops grown in the Sacramento Valley.  Some of them include:  tomatoes, safflower, vine seeds, sunflowers, wheat, etc.

Future Use:  The properties soils & water indicate it would be an ideal site for a walnut, almond, and/or pistachio orchard.  There are both almond & walnut orchards within the immediate vicinity of Colusa.  The property is also adjacent to John Deere, Case, and New Holland dealerships, which makes getting parts much more convenient.

Irrigation:  There is one deep water wells on the subject property.  The well produces 2,300 gallons per minute.

In addition to the irrigation well there are approximately 48 acres that are located within the boundaries of Robert’s Ditch Irrigation Company.

The farm has a buried drip system designed & installed by Alsco-Geyer.  Specs will be made available to qualified buyers upon request.

Soils:  The entire farm is comprised of primarily Class I Soils. Please review the attached soils map for more information.

Oil, Gas, & Mineral Rights:  The oil, gas, and mineral rights on the subject property owned by the seller will transfer to the buyer at the close of escrow.

Lease:  There is a year to year lease on the subject property.

Taxes:  The property is NOT enrolled in the Williamson Act. The property taxes will be approximately 1% of the sales price at the close of escrow

Price:  $8,883,160 or $26,000 per acre

Terms:  Cash at the close of escrow

Comments:  This farm has a lot of long term upside potential.  It has a rare combination of both Class I soils and located in a perfect location for a development project.  The whole site can be planted to permanent crops in the short term and can be converted into housing over the long term.  Please call Charter Realty for more info!

 

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