431 Espinosa Road, Salinas, CA 93907

Salinas
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
431 Espinosa Road,Salinas, CA 93907
$5,495,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,898 sq. ft.
  • Multi-family
  • Active
Listed by: mike handley
Office: town'n country realty831-424-0001
MLS#:ML82062979
Source:CRMLS

Price summary

  • Price:$5,495,000
  • Price per sq. ft.:$1,121.89

About this home

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1957
  • Listing ID #:ML82062979
  • Added:1 day(s) ago
  • Updated:September 30, 2026 at 11:46 AM

Rooms and interior

  • Living area:4,898 sq. ft.

Heating and cooling

  • Heating:Propane, Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1957
  • Building area:4,898 sq. ft.
  • Lot area:24.81 Acres

Utilities

  • Water:Public, Well

Finances and disclosures

  • Price:$5,495,000
  • Price per sq. ft.:$1,121.89
  • Tax amount:$65,940

Parking

  • Garage:Yes
  • Garage spaces:2
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Nelson Shelton Real Estate ERA Powered is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Nelson Shelton Real Estate ERA Powered, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 431 Espinosa Road