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.
Vacant landProperty Type
24.81 acresLot Size
$221,483Price/Acres
Listed by Mike Handley•DRE #01280498• Town'N Country Realty
The Espinosa Ranch is located at the north end of the Salinas Valley in the Boronda-Espinosa Farming District. This area is approximately 5.5 miles west of the Monterey Bay and is characterized by its rolling topography, clay loam soils, and a cool coastal growing environment ideal for growing strawberries, lettuce, and many other vegetable crops that thrive under the summers coastal marine layer. The ranch has a gross acreage of 265 acres with 194 usable acres. The usable acreage is commercially farmed and divided into multiple blocks with the additional acreage available for possible expansion of 20+/- acres that have historically been farmed for artichokes, pumpkins and other single-season crops. Water is provided by the Castroville Seawater Intrusion Project (CSIP) and distributed by high pressure PVC lines. While the ranch is currently farmed for strawberries with a vegetable rotation, the lease runs through the 2026 season with an opportunity for an owner-grower for the 2027 growing season. The property is enrolled in a Farmland Security Zone Contract which provides significant tax benefits upon a sale.
MLSListings #ML81561197
Jun 28, 2016
Sold
$280,000
May 1, 2016
Contingent
—
May 1, 2016
Relisted
—
Apr 6, 2016
Contingent
—
Feb 18, 2016
Listed
$299,000
Approximately 14.42 Acres (per County records) on Espinosa Road. According to Monterey County, possible uses: Farmland, Residential/Agricultural, farm worker housing with agricultural use, ag related uses, etc. Buyer to verify schools, lot size, and verify with County their intended use.
SDMLS #301807958
Jun 28, 2016
Sold
$280,000
Feb 18, 2016
Listed
$299,000
Public Records
Jan 30, 1981
Sold
$53,000
Year
Property tax
Land + Additions
Assessment*
2015
$1,216 (+1.8%)
$97,458
2014
$1,195 (+3.3%)
$94,115
2013
$1,157 (−2.0%)
$94,115
2012
$1,181 (+5.8%)
$93,690
2011
$1,116 (+1.0%)
$91,853
2010
$1,105
$90,052
2009
$1,105 (+2.3%)
$89,379
2008
$1,081
$89,592
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
14.42 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Monterey County
APN
113051009000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 23, 2022.
F/40
Farmlands District
The purpose of this Chapter is to provide a district to preserve and enhance the use of the prime, productive and unique farmlands in the County of Monterey while also providing opportunity to establish necessary support facilities for those agricultural uses.
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Livestock production
Winery & vineyard
Housing-Single unit
Housing-Senior
Housing-Student
Housing-Other
Agriculture-Cropland
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 80° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Salinas, CA • 93907
Average low and high temperatures (°F)
64
43
64
45
68
47
65
48
65
51
66
54
67
56
69
56
72
59
69
53
65
47
64
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Salinas. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Espinosa
$4,848,140
$647K under list price of $5.50M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $675K to $1.3M.