Under contract
Contingent
540 Old Natividad RD
SALINAS CA, 93908
$1,400,000
$1.22 per sqft
Under contract
Contingent
26.3 Acres
Land
Listed by Piini Realty, Joe Piini, Listing Contact: 8314225327
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!
ML81971394
MLSⓇ ID
June 28, 2024
Listed
August 23, 2024
Updated
Map
540 Old Natividad RD
SALINAS CA, 93908
Exterior/Building Features
Lot Size
26.3 Acres
School Information
School District
Santa Rita Union Elementary
Other Property Details
Area Name
Creekbridge
Garage
No
View
No
County
Monterey
Pool
No
Zoning
F/40
Listing History
Date | Event | Price |
|---|---|---|
7/22/2024 | Under contract | — |
Listed by Piini Realty, Joe Piini,
Listing Contact: 8314225327
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Data last updated 7:08 PM UTC, 8/23/2024