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Listed by Joe Piini • Piini Realty
$1,200,000
Est. payment /mo
1,145,628 SqFt
Pending
540 Old Natividad Road Salinas, CA 93908
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
Square Footage 1,145,628 sqft
Price per Sqft $1
MLS Listing ID ML81971394
HOA Y/N No
Lot Size 26.300 Acres
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
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!
Location
State CA
County Monterey
Interior
Fireplace No
Exterior
View Hills, Valley
Building
Lot Description Agricultural, Horses Possible, Mostly Level, Rolling Slope
Schools
School District Salinas Union High, Santa Rita Union Elementary
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