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Key Details
Sold Price $2,250,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Pr Rural East(170)
MLS Listing ID NS18210267
Sold Date 05/05/20
HOA Y/N No
Lot Size 81.400 Acres
Property Description
Johnny Appleseed would certainly approve of this outstanding agricultural investment opportunity! Fair Hills Farm is ideally located amongst beautiful vineyards and rolling hills of the Paso Robles wine country. In fact, this 81+ AC offering is only a few miles to the Paso Robles Airport & Hwy 46E, and is less than 10 miles to downtown. Nearby wineries, golf courses and estate ranches provide an idyllic location to ultimately build a dream estate home amid the mature shade trees and near your own private reservoir/pond. But that is just the icing on the cake. What makes Fair Hills Farm so opportune is the impressive income generated from this large scale orchard operation (with an estimated 20,000-25,000 trees planted, this is a true business venture of grand proportion)! Based on accounting from a 2017 Certified Producers Certificate, FHF is estimated to have 20,000 apple trees alone, plus a huge variety of stone fruit trees (incl. apricot, nectarine, peach, pear, plum, cherry, etc). One of the largest growers on the Central Coast... which equates to a highly profitable business with gross income averaging nearly $700,000/YR. Depending upon an owners involvement, this kind of gross revenue can result in a NET income between 300-500K/YR! Sale includes all equipment for continued operation (cold storage, tractors, etc), existing distribution accounts + a nearly 300GPM AG well. Want a vineyard? Ask about the nearly 3/1 offset allowed. (NOTE: San Miguel mailing address)
Location
State CA
County San Luis Obispo
Area Prne - Pr North 46-East 101
Zoning AG
Interior
Fireplace No
Exterior
Community Features Rural
View Y/N Yes
View Hills, Panoramic, Reservoir, Vineyard
Present Use Agricultural
Building
Lot Description Agricultural, Orchard(s)
Water Agricultural Well, Private
New Construction No
Others
Senior Community No
Tax ID 019071067
Acceptable Financing Cash, Cash to New Loan, Owner May Carry, Submit
Listing Terms Cash, Cash to New Loan, Owner May Carry, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Vicki Linder • Century 21 Hometown Realty, Paso Robles Office