0 Old Hwy 111

Description

235 acres of industrial land located in the Imperial Valley that lies in Imperial County, CA, which is also known as Lithium Valley. The only available property of its size with 3900 feet of Hwy 111 frontage makes this site especially appealing to the industrial market. The zone is ML-I-2-RE with a Geothermal Overlay. In 2022 Governor Newson joined President Biden saying "California's Imperial Valley contains some of the largest lithium deposits in the world, specifically underground near the Salton Sea a region also known as Lithium Valley." Berkshire Hathaway (Warren Buffet is the largest shareholder) owns and operates 10 geothermal plants in the county. Experts estimate the region could satisfy up to one-third of today's global lithium demand. This is an exceptional opportunity to own one of the best industrial zone properties in Imperial County. Situated in the largest heavy industrial park in the county, Mesquite Lake Specific Plan aka Mesquite Lake Industrial Park consists of approximately 5,100 acres located in central Imperial County between State Route (SA) 86 on the west and SA 111 on the east, and bordered by Harris Road on the south and Keystone Road on the north and has direct access to Hwy 111. This industrial park provides an opportunity to develop new job-producing light, medium, and heavy industrial uses. The overall goal of the Specific Plan is to support economic development within Imperial County and its cities through job creation in the employment sectors of manufacturing, fabrication, processing, wholesaling, transportation, and energy resource development; and to create and preserve an area where a full range of industrial uses with moderate to high nuisance characteristics may locate. The project would accommodate the potential for ethanol production plant for both on-site power and export; continuation and expansion of the existing alternative energy production operations; and establishment of new manufacturing uses, and warehousing and distribution facilities including Lithium related businesses. Recent inquiries include battery manufacturing and storage plants and electric car manufacturing plants.