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Drake Cruz

drake@drake4homes.com +1(562) 884-9016

$ 5,495,000

Est. payment | -/mo

4,898 SqFt

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$ 5,495,000

Est. payment | -/mo

Save Virtual Tour

4,898 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,898 sqft

Price per Sqft $1,121

MLS Listing ID ML82062979

HOA Y/N No

Year Built 1957

Annual Tax Amount $65,940

Lot Size 24.810 Acres

Property Sub-Type Mixed Use

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 699 - Not Defined

Zoning HC and F/40

Interior

Heating Propane, Wall Furnace

Fireplace No

Exterior

Garage Spaces 2.0

Garage Description 2.0

View Y/N No

Roof Type Composition

Accessibility None

Building

Story 1

Water Public, Well

Schools

School District Other

Others

Tax ID 113081007000

Special Listing Condition Standard

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Listed by Mike Handley Town'N Country Realty #01280498

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA 90803, USA

431 Espinosa RD Salinas, CA 93907

Drake Cruz

Key Details

Location

Interior

Exterior

Building

Schools

Others

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431 Espinosa RD