$5,495,000
( )
 $29,498 est/mo Sourced by Back At You

431 Espinosa Road,Salinas, CA 93907

Salinas, CA 93907

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Description

Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to County review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.

Details

MLS #ML82062986
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site29
Listing Provided ByTown'N Country Realty | Mike Handley

Features

ZoningF/40 and HC
Acreage24.81

Exterior

FencingPartial

Utilities

UtilitiesNatural Gas Available, Electricity Available

Area Information

StateCA
CountyMonterey
CitySalinas
Zip Code93907
Area699 Not Defined
Listing VS Median (in 93907)
Price:
$5,495,000
low | high
Med:
$964,250
100% of Average
On site:
29
low | high
Med:
186
15.591397849462% of Average
Sourced by Back At You

Market Activity 93907

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Learn More About This Property

Allen Lane

Allen Lane

Desert Lifestyle Properties

01952730 (760) 408-2963realtor.allenlane@gmail.com
StateCA
CountyMonterey
CitySalinas
Zip Code93907
Area699 Not Defined
Listing VS Median (in 93907)
Price:
$5,495,000
low | high
Med:
$964,250
100% of Average
On site:
29
low | high
Med:
186
15.591397849462% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $4.121M - $6.868M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
431 Espinosa Road Property Photo 1
$5,495,000
431 Espinosa Road
Salinas, CA 93907
Listing Updated: October 14, 2026 at 5:17:58 PM PDT

Specialty Areas

Real Estate

Allen Lane
200 N Sunrise Way Ste.B
Palm Springs, CA 92262
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
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