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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.

Highlights

  • Commercial Sale
  • Unimproved Land
  • 47 days on Market


  • Utilities
    Electricity Connected

  • County
    Monterey
  • City
    Salinas
  • Zip Code
    93907

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Frequently Asked Questions

How do I schedule a tour of 431 Espinosa Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 431 Espinosa Rd.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 431 Espinosa Rd?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $5,495,000. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Salinas, and can even get you in to see the property quickly.

How do I get a virtual tour of 431 Espinosa Rd?

Yes! A virtual tour is available for 431 Espinosa Rd. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 431 Espinosa Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 431 Espinosa Rd at around $31,271. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 431 Espinosa Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Monterey County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 431 Espinosa Rd?

In most cases, yes. Whether 431 Espinosa Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Salinas's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 431 Espinosa Rd?

We can handle that for you. Our preferred local agent specializes in commercial sales in Salinas and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

431 Espinosa Rd was listed on September 29, 2026, which means it's been on the market for 47 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

Is 431 Espinosa Rd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Bay East ©2026. CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 15, 2026 at 12:36AM.

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