| An excellent and truly rare opportunity. Zink's Greenhouses has agricultural and commercial units on 6.45 acres of upscale residential land with ocean exposure producing a net income over $93,000 per year. |
The east end of Gopher Canyon is becoming the new Ranch Santa Fe. An area of rolling hills covered with avocados is now sprouting multi-million dollar homes and approaching build out. On summer mornings cool sea mist rolls up the canyon soon giving way to light and breezy air, while winter days are bright and never freezing.
Inside 24,000sf Large Greenhouse |
Zink’s Greenhouses, an excellent and truly rare opportunity, is perched high on the north side of the canyon with total southern exposure and with a view that looks straight down the canyon towards the sea and the sun setting over the Pacific. The property is a great residence and has enough income to service the purchase price, or could be a high rate of return investment.
No area has better conditions for growing the succulents and tropical plants
24,000sf slab and steel greenhouses |
Residence Seen From Entertaining Area |
that have been produced here since 1976. Zink's has about 47,000 square feet under plastic and there are two slab and steel commercial buildings, one of 24,000 square feet, and one that includes rest rooms, several offices and a kitchen. At present these building are rented for the growing of insects used for reptile feed. There are also 200 moveable planters of 10 square foot each (total 2,000 sf) used to grow hardy shrubs, vegetables and tomatoes.
Residence Kitchen |
Succulents in a Hoop-House |
There is a fine Mission style residence with garaging for five cars and a large heated pool and spa, and a second residence, a one-bed casita for a caretaker’s use that is in high demand to be rented. An orchard provides family fruit including avocados, oranges, lemons, kumquats, loquats, plumb, apple, pomegranate and grape.
At current zoning the six and a half acre nursery could be sub-divided into three units.
1750sf Mission Style Residence |
New Hoop-Houses April '18 |
Zink's is highly profitable. Current net rental income from commercial units is $59,124 and the residence would generate about $30,384 (per Zillow). Many of the rental units will be up for rent renegotiation within a few years and considerable increases could be expected AND I have orders for more greenhouses when built. Most buildings are maintained by the tenants and are are in good repair. Additional untapped potential includes a 1.5 acre south facing hillside very suitable for grape.