431 Espinosa Road, Salinas, CA, 93907

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$5,495,000
10 Days On Site

431 Espinosa Road
Salinas, CA 93907

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
4,898
SqFt
$1,122
/SqFt
1957
Built
County:
Monterey
Listed by Mike Handley of Town'N Country Realty mike@tncrealestate.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
431 Espinosa Road431 Espinosa Road431 Espinosa Road431 Espinosa Road
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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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Listing Snapshot
Price 
$5,495,000
Days On Site 
10 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,898 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
24.81 Acres
Year Built 
1957
MLS® Number 
ML82062979
Status 
Active
Property Tax 
$65,940
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
24.81
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
1
Property Sub Type 
Mixed Use
Special Circumstances 
Standard
SqFt Total 
4898
Water Source 
PublicWell
Zoning 
HC and F/40
Interior Features
Cooling 
Heating 
PropaneWall Furnace
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Exterior Features
Roof 
Composition
Community Features
MLS Area 
699 - Not Defined
School District 
Other
Schools
School District
Other
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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