581 San Juan Grade RdSalinas, CA 93906

Exceptional investment opportunity awaits with the Baird Ranch, a sprawling 97.27-acre property located in Salinas, Monterey County, California. Currently zoned F/40 for agricultural use, this land presents significant long-term development potential for commercial and residential projects. The property boasts a rich history of successful berry and leafy green farming, generating an annual lease income of $225,000, providing a strong return during the holding period. Conveniently situated just a few miles north of Salinas and near Highway 101, it offers easy access to the Bay Area. The ranch is adjacent to the Salinas Country Club, and its location within a growing area suggests future annexation and development possibilities. The property includes water wells for irrigation and domestic use. However, prospective buyers should be aware of California's Sustainable Groundwater Management Act (SGMA) of 2014, which aims for sustainable groundwater basins by 2040 and may impact groundwater pumping. It is highly recommended that potential purchasers conduct thorough due diligence, consulting with engineering, legal, and hydrology professionals to fully assess the impact of SGMA regulations on this property. The asking price is $12,000,000, translating to $123,300 per acre. The APN is 113-212-011. This is a private, family-owned property offered for sale by owner. The address is 581 San Juan Grade Rd, Salinas, CA 93906.