Home | Monterey County | Salinas | 93907 | 431 Espinosa Rd
MLS: ML82062986 | Status: | Price: $5,495,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 1,080,724 | – |
Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to County review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.
| Field | Value |
|---|---|
| MLS # | ML82062986 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Elementary District | Santa Rita Union Elementary |
| High School District | Salinas Union High |
| Sewer | Public Sewer, Septic Tank |
| Water | Public, Well |
| Zoning | F/40 and HC |
| Feature | Details |
|---|---|
| Development Status | Farm Land, Improvements Completed, Raw Land |
| Fencing | PartialFencing |
| Lot Description | Flag Lot |
| Present Use | Agricultural/Residential |
| Utilities | Natural Gas, Public Utilities, Natural Gas Available, Public Utilities, Water - Public |
Mike Handley
Town'N Country Realty
License #: 01280498
Phone: (831) 262-2400
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This listing information is up-to-date as of September 29, 2026. For the most current information, please contact Mike Handley, (831) 262-2400.