Palermo Ranch: Prune/Walnut/Almond Ranch for Sale/Lease in Butte County

Agricultural

Address : Palermo, CA | Butte County

Price : $3,400,000 (23,448 per gross acre)

Highlights: 

This ± 230 gross assessed acre offering is a Prune/Almond/Walnut Ranch located in Palermo, CA. The Ranch is prime for production in a desirable farming area. It’s irrigated with an abundance of water through 3 Ag wells on a micro-jet system. It consists of 6 separate parcels. The Walnuts are on a longer-term lease. The Prunes are high density with approximately 172 trees to the acre. Easy access to both ranches off of Lone Tree Road.

• Location:
  • The property is located approximately 2 miles East of HWY 70 and 9 miles from the City of Oroville. It is located on both sides of Lone Tree Road. Just North of the intersection of Cox Lane /Lone Tree Road and 65 miles North of Sacramento.
• Size:
  • +/-230 Gross Acres
• Price:
  • The asking price for the ± 145 Acres of Prune/Almonds is $3,900,000 ($26,900 per gross acre) with the 2024 crop included in the purchase price subject to the Buyer’s reimbursement of the Seller’s cultural cost expense from 2023 post-harvest until the close of escrow.
  • ± 85 Acres of leased Walnuts is $675,000 ($7,941 per gross acre). The Walnuts are leased for 25 years, total of 18 years remaining.