Commercial Land with Road
For Sale
$5,495,000
431 Espinosa Road, Salinas, CA 93907
Level ground includes Heavy Commercial and Farmland zoning, along with four residences delivered vacant.
Property SizeContact for details
Days on Market16
Property Features for 431 Espinosa Road
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Town'N Country Realty
Listed By:
Mike Handley
(714) 497-3550
Source:
Sevengables
Added: Sep 22
Changed: Oct 6
Last Checked: Oct 5 at 8:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Town'N Country Realty
Investment Insights
Based on property information with market context.
This 24.81-acre property includes 5.17 acres zoned Heavy Commercial and 19.64 acres zoned Farmland (F/40). The level terrain has approximately 980 feet of frontage on Espinosa Road. Four residences are delivered vacant: a 2,758-square-foot main home with a stone fireplace, separate dining and family rooms, a front porch, and a garage; a detached one-bedroom, one-bath home; and a duplex containing two two-bedroom, one-bath units. Municipal water serves the residences.
A 23-acre row-crop lease covers cultivated land with a history of organic strawberry production. The property also has an agricultural well. Residential uses are reported as legal nonconforming. Future uses remain subject to County review, required approvals, and existing lease terms; buyers should verify property details, allowable uses, and income projections.
A 23-acre row-crop lease covers cultivated land with a history of organic strawberry production. The property also has an agricultural well. Residential uses are reported as legal nonconforming. Future uses remain subject to County review, required approvals, and existing lease terms; buyers should verify property details, allowable uses, and income projections.
Key Highlights
- 24.81 acres total, including 5.17 acres zoned Heavy Commercial and 19.64 acres zoned Farmland (F/40)
- Approximately 980 feet of Espinosa Road frontage; level terrain
- Four vacant residences: 2,758± SF main home, standalone 1BR/1BA home, and duplex with two 2BR/1BA units
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
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Business Placement
Demographics for 93907, CA
23,315
Population
7,659
Households
3
Avg Household Size
39
Median Age
22%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
428
Density / Sq Mi
$103,268
Median Household Income
$38,199
Median Earnings
$2,122
Median Rent
$676,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Commercial land - Level ground includes Heavy Commercial and Farmland zoning, along with four residences delivered vacant.
Where is this commercial land located?
The property is located at 431 Espinosa Road Salinas, CA.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: 24.81 acres total, including 5.17 acres zoned Heavy Commercial and 19.64 acres zoned Farmland (F/40); Approximately 980 feet of Espinosa Road frontage; level terrain; Four vacant residences: 2,758± SF main home, standalone 1BR/1BA home, and duplex with two 2BR/1BA units
