Description
This offering consists of 2 APNs 030 is 3.19 acres and has an existing freeway billboard with a Ground Lease in place with Lamar Advertising Company; and 037 is 25.6 acres with M-1 zoning which allows for Cannabis cultivation. The two parcels are offered together. This is a unique opportunity allowing the new owner to collect ground lease rent from the existing Billboard while developing the adjacent parcel for its highest and best use. Note: this corner of Imperial County is located in the far western edge, up the grade, in the community of Jacumba Hot Springs, and sits at approximately 3,400' elevation where all four seasons can be experienced. This location is secluded with very little local traffic however CalTrans reports over 30,000 daily vehicle traffic via Interstate 8 which has entrances and exits in both directions.
School Ratings & Info
Description
This offering consists of 2 APNs 030 is 3.19 acres and has an existing freeway billboard with a Ground Lease in place with Lamar Advertising Company; and 037 is 25.6 acres with M-1 zoning which allows for Cannabis cultivation. The two parcels are offered together. This is a unique opportunity allowing the new owner to collect ground lease rent from the existing Billboard while developing the adjacent parcel for its highest and best use. Note: this corner of Imperial County is located in the far western edge, up the grade, in the community of Jacumba Hot Springs, and sits at approximately 3,400' elevation where all four seasons can be experienced. This location is secluded with very little local traffic however CalTrans reports over 30,000 daily vehicle traffic via Interstate 8 which has entrances and exits in both directions.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-17T18:35:54.94. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.