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Land for Sale in Salinas, California

1202 Castroville Rd, Salinas, CA 93907

$1,299,000
66.3 acres
Active sale
Est $9,507/mo

Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.

Location

Street address
1202 Castroville Rd
Zip code
93907
Community
Prunedale
Elevation
36 feet

Property details

Acreage
66.28 acres
Zoning
agriculture
MLS #
MLSL ML82006514
Posted

Details and features

Listing

Type
Commercial Sale
Franchise
Independent

Lot

Features
Agricultural Use, Grade-Mostly Level

Structure

Water
Well

Listing history

DateEventPriceChangeSource
June 24, 2026New listing$1,299,000MLSL
Apr 22, 2026Listing removed$1,312,344Listing agent
May 12, 2025New listing$1,312,344MLSL
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This 66.28-acre property is located at 1202 Castroville Rd in Salinas, CA 93907. The land is available for sale, priced at $1,299,000 — $19,599 per acre.

Listed by Schooner Realty, (831) 239-4646

Checked 2 hours agoUpdated

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