431 Espinosa Road

Salinas, CA 93907

$5,495,000

24.81 acres

Listed by Town'N Country Realty · MLS #ML82062986

Listing status & updates

MLS last changed: Not supplied by this listing source
Availability last checked: No per-listing check is recorded

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431 Espinosa Road, Salinas, CA 93907 · MLS #ML82062986

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

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.

Property size

24.81 acres listed.

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THE PROPERTY

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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.

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THE NEIGHBORHOOD

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431 Espinosa Road, Salinas, CA 93907

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THE DETAILS

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Property type: CommercialSale
Category: Commercial
Utilities: NaturalGasAvailable,ElectricityAvailable
Fencing: Partial
Zoning: F/40 and HC
Parcel: 113081007A
HOA fee: $0.00

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Listing information

MLS #ML82062986 · California Regional MLS

Listing brokerage: Town'N Country Realty
Listing agent: Mike Handley

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

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