540 Old Natividad Road 211041013
Salinas, CA, 93908
$1,400,000
Beds
0 Baths
SqFt
26.3 Acres
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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)
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Agricultural, Rolling Slope
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Hills, Valley

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Electricity Available, Natural Gas Not Available

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540 Old Natividad Road 211041013
Salinas, CA