22189 Samson Ave.
About This Property
MOTIVATED SELLER!!!
Welcome to this Beautiful Property located at 22189 Samson Ave in Corning. Minutes away from the Downtown area. 5 minutes away from the Casino. Situated close to Chico and Red Bluff. Agricultural 8.58 acres with a geround solar farm lease that covers approximately 4.5 acres. This lease generates a reliable annual income of $7,000 and offers a 9-year term with an additional 5-year extension. Electrical ranch panel with three meters. Water well with new pump and casing installed approximately three years ago. Pump set at 345 feet. Well and pump meet the requirements for a new residence with fire sprinklers. Property is serviced by the Corning Water District, ensuring affordable and dependable water access. A well-maintained 1,440 sq ft manufactured home. Shop approx. 24' x 32' with 100 amp service and 220 single phase power Land is Zoned AG-2Partial list of permitted uses without a conditional use permit. Production of tree, row and field crops; and nurseries and greenhouses for the propagation of plants. Secondary uses for lands in this district include the grazing of livestock; animal husbandry; and semi-heavy agricultural . Occupational home business such as Aviaries, Apiaries or Pallet repairs Partial list of permitted uses with a conditional use permit. Farms devoted to the hatching, raising, butchering or marketing of poultry, poultry eggs, or other poultry products. Dairies and commercial cattle and hog feed lots. Soil amendment projects for the treatment of "non-hazardous petroleum contaminated soils" as defined by state law and regulations. Commercial and industrial uses of primary and essential service to the agricultural use of the surrounding area. The sale of fertilizers and pesticides. The sale and repair of farm equipment and machinery. Limited manufacturing of agricultural equipment and machinery. This Property has so much potential. Book a showing today.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2026 | Price Decreased |
$325,000
↓ $8K
(2.4%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$333,000
↓ $17K
(4.9%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$350,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$360,000
↓ $15K
(4%) | |
| Price Decreased | |||
| May 27, 2026 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017