5250 E Adams Avenue

Description

Terra West Group is pleased to present the opportunity to acquire a well-located producing vineyard with residential development potential on Highway 99 and Adams Avenue in Fowler, California. The subject property totals ±28.80 acres and is situated on the north side of Adams Avenue and the west side of Highway 99 offering strong visibility and frontage along Central California's main corridor. This highly visible and accessible location benefits from young, producing vines with a strong winery contract. The property provides very strong development potential as it is in the City of Fowler General plan zoned medium density residential and will be out of the Williamson Act in December 2027. The seller is open to a sale-leaseback of the ranch. The ranch is planted to ±15-acres of Ruby Red Wine Grapes and ±12-acres of Thompson Raisin Grapes. The Ruby Red wine grapes are contract with Gallo Winery on a 13-year contract. Given its size, freeway frontage, and access, the property presents an excellent opportunity for future residential development. In addition, the winery contract, young vines, and potential lease-back structure make this an excellent investment opportunity. All combined, these factors make this a compelling opportunity for investors or developers looking to acquire prime freeway frontage land.