540 Old Natividad Road
Salinas, CA 93908
26.30 acres | #ML81971394
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!
Property Details
- Utility FeaturesNaturalGasNotAvailable, ElectricityAvailable
- Lot DescriptionAgricultural, RollingSlope
- ViewHills, Valley
- Property SubtypeAgriculture
- Original List Price$1,400,000
- MLS #ML81971394
- MLS #ML81971394
- Property TypePurchase
- CountyMonterey
- Cost1400000
- Sewer InformationOther
- School DistrictOther
- Acres26.3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Joe Piini (#ML306363)
Listing Office: Piini Realty (#ML55297)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
