540 Old Natividad Road, Salinas, CA 93908
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Listed Price :
$1,400,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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!
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Listing Information
Address |
540 Old Natividad Road |
City |
Salinas |
State |
CA |
Zip |
93908 |
County |
Monterey |
Listing Agent |
Joe Piini DRE #01889295 |
Courtesy Of |
Piini Realty |
List Price |
$1,400,000 |
Status |
Active |
Type |
Land |
Subtype |
Agriculture |
Structure Size |
N/A |
Lot Size |
1,145,628 |
Listing information courtesy of: Joe Piini, Piini Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 4:17 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.