431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Mike Handley • Town'N Country Realty, DRE#01280498
$5,495,000
Est. payment /mo
24.81 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land, Commercial

Sub Type Commercial Agricultural Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82062986

Lot Size 24.810 Acres

Property Sub-Type Commercial Agricultural Land

Property Description

Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to County review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.

Location

State CA

County Monterey

Area Prunedale, Elkhorn, Moss Landing

Zoning F/40 and HC

Exterior

Fence Partial Fencing

Utilities Available Electricity - On Site, Natural Gas, Public Utilities

Building

Lot Description Flag Lot

Sewer Existing Septic, Sewer - Public

Water Public, Well

Others

Tax ID 113-081-007-A

Horse Property No

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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431 Espinosa RD

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Josh Yoo.

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