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126/120 Monterey Salinas Hwy, SALINAS, CA – $1,499,000

  • $1.5M Price
  • 20.93 Acres
  • $1.5M Price
  • 20.93 Acres

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126/120 Monterey Salinas Hwy

13.01% undivided interest (app. 20.9315 acres) in 2 vegetable/crop farm parcels that total appx. 160 acres. Land is currently leased with an approximate 4.5% return on investment. Great opportunity for long term cash flow with little risk. Prime Blanco farmland; some of the most fertile in the Salinas Valley which commands some of the best rental prices. This sale is for a tenants in common interest of income producing land. Buyer cannot split off property or direct whom the land is leased too but as this is a very desirable ranch income rates are high.

Essential Information

  • MLS® #ML81721485
  • Price$1,499,000
  • Acres20.93
  • TypeResidential Lots and Land
  • Sub-TypeAgriculture/Ranch Land
  • StatusActive

Community Information

  • Address126/120 Monterey Salinas Hwy
  • AreaMoss Landing / Prunedale
  • CitySALINAS
  • CountyMonterey
  • StateCA
  • Zip Code93908

Amenities

  • UtilitiesElectricity - On Site

Exterior

  • Lot DescriptionAgricultural Use

Additional Information

  • ZoningF40

Listing Details

  • AgentMark P Tamagni
  • OfficeInternational Estates, Inc.
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Price Change History for 126/120 Monterey Salinas Hwy, SALINAS, CA (MLS® #ML81721485)

Date Details Price Change
Price Reduced (from $1,570,000) $1,499,000 $71,000 (4.52%)

© 2019 MLSListings Inc. All rights reserved. Based on information from MLSListings MLS as of August 19th, 2019 at 11:25pm CDT.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.