About 1202 Castroville Rd
Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.
Features of 1202 Castroville Rd
| MLS® # | ML82006514 |
|---|---|
| Price | $1,299,000 |
| Acres | 66.28 |
| Type | Commercial Lots and Land |
| Sub-Type | Commercial Agricultural Land |
| Status | Active |
Community Information
| Address | 1202 Castroville Rd |
|---|---|
| Area | Prunedale, Elkhorn, Moss Landing |
| City | SALINAS |
| County | Monterey |
| State | CA |
| Zip Code | 93907 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Exterior
| Lot Description | Agricultural Use, Grade - Mostly Level |
|---|
Additional Information
| Zoning | agriculture |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Celeste Faraola Perie |
|---|---|
| Office | Schooner Realty |
| Contact Info | 831-239-4646 |
