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… Read More 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. Read Less
Courtesy of Town'N Country Realty, Mike Handley 831-262-2400
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multiple Dwellings / Structures
Square Ft.
4,898
Lot Size
24.81 Acres
Year Built
1957
MLS Number
ML82062979
30 Days Snapshot Of 93907
$801k
-13%
(avg) sold price
12
-7%
homes sold
15
-64%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 1080724.00, Max Area Units: Square Feet
Unit One
4 bedrooms in unit 1, Unit 1: approximately 2,757 square feet, Unit 1 rent: $4,000
Unit Two
1 bedroom in unit 2, Unit 2: approximately 696 square feet, Unit 2 rent: $2,000
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 722 square feet, Unit 3 rent: $2,500
Unit Four
2 bedrooms in unit 4, Unit 4: approximately 722 square feet, Unit 4 rent: $2,500
Accessibility Features
None
Building
Built in 1957, 3 buildings, 4,898 structure square feet
Roof
Composition
Utilities
Propane On Site, Public Utilities
Sewer
Existing Septic, Sewer Connected
Security Features
None
Heating
Central Forced Air - Gas, Propane, Wall Furnace
Cooling
Ceiling Fan
Foundation
Concrete Perimeter and Slab
Water Features
Public, Well
Garage
2 garage spaces
Miscellaneous
Vacancy factor: 0
Tenant Pays
Other
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