Back on the market at an aggressively reduced price! The Old Natividad Ranch offers an opportunity to develop 26.3 acres into a productive berry ranch at the base of the Gabilan Range. With nearly level to gently sloping soils that are typically used for berry production, this property has both irrigation water and domestic water available from Alco Water Co, which has potable and non-potable water lines along Old Natividad Rd. In addition, this property has four AM radio towers that provide a passive income of $5,332 per month. The towers are leased into 2028 with 4% annual increases, but with a 13-month early termination clause that will enable a buyer to receive income while the ground is being prepared for strawberry production or a multitude of other uses!
Property Details
Price:
$1,400,000
MLS #:
ML81971394
Status:
Active
Baths:
0
Address:
540 Old Natividad Road 211041013
Type:
Land
Subtype:
Agriculture
Neighborhood:
699notdefined
City:
Salinas
Listed Date:
Jun 28, 2024
State:
CA
ZIP:
93908
Lot Size:
1,145,628 sqft / 26.30 acres (approx)
See this Listing
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Schools
Interior
Exterior
Electric
Electricity Available
Fencing
Barbed Wire
Lot Features
Agricultural, Rolling Slope
Sewer
Other
View
Hills, Valley
Financial
Utilities
Electricity Available, Natural Gas Not Available
Map
Community
- Address540 Old Natividad Road 211041013 Salinas CA
- Area699 – Not Defined
- CitySalinas
- CountyMonterey
- Zip Code93908
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Courtesy of Piini Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
540 Old Natividad Road 211041013
Salinas, CA
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