About 540 Old Natividad Rd
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!
Features of 540 Old Natividad Rd
| MLS® # | ML81971394 |
|---|---|
| Price | $1,400,000 |
| Acres | 26.30 |
| Type | Residential Lots and Land |
| Sub-Type | Agriculture/Ranch Land |
| Status | Active |
Community Information
| Address | 540 Old Natividad Rd |
|---|---|
| Area | North Salinas - D, E, F, & G |
| City | SALINAS |
| County | Monterey |
| State | CA |
| Zip Code | 93908 |
Amenities
| Utilities | Electricity - On Site, Gas - Not On Site |
|---|---|
| View | Hills, Valley |
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Agricultural Use, Grade - Mostly Level, Grade - Rolling, Views |
|---|
Additional Information
| Zoning | F/40 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Joe Piini |
|---|---|
| Office | Piini Realty |
| Contact Info | 831-422-5327 |