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11 Hill Cir 7.74 Acres of Residential Land Offered at $2,690,000 in Salinas, CA 93905
INVESTMENT HIGHLIGHTS
- Nearly Entitled Plans
- Modular Homes Allow for Speed of Delivery and
- Turnkey Project: Benefit from a project nearing full entitlement approvals
- Strong Need for Additional Housing Units
- Strategic Location: Located near Natividad Hospital and within Salinas city limits
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to market the opportunity to purchase a nearly entitled ±7.74-acre vacant land site for the development of 37 single family homes located along the frontage of 11 E. Laurel Dr. near Natividad Hospital in Salinas. This is a rare in-fill project within the City Limits. The seller is near completion of receiving fully entitled approvals from the City of Salinas to construct a subdivision consisting of 37 individual parcels with modular homes and the formation of an HOA to maintain the subdivision. Upon completion of the project the lots with homes will be sold off individually. The property is in an ideal location in Salinas offering strong exposure and access to multiple retail trade areas, local schools, the recently upgraded Salinas Regional Soccer Complex, and Natividad Hospital & Medical Center.
PROPERTY FACTS
| Price | $2,690,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 7.74 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R-L-5.5 - Residential | ||
| Price | $2,690,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 7.74 AC |
| Opportunity Zone |
Yes |
| Zoning | R-L-5.5 - Residential |
1 LOT AVAILABLE
Lot
| Price | $2,690,000 | Lot Size | 7.74 AC |
| Price Per AC | $347,545.22 |
| Price | $2,690,000 |
| Price Per AC | $347,545.22 |
| Lot Size | 7.74 AC |
Nearly Entitled 37 Home Subdivision on ±7.74 Acres
1 1
PROPERTY TAXES
| Parcel Number | 004-601-066-000 | Improvements Assessment | $0 |
| Land Assessment | $1,103,656 | Total Assessment | $1,103,656 |
PROPERTY TAXES
Parcel Number
004-601-066-000
Land Assessment
$1,103,656
Improvements Assessment
$0
Total Assessment
$1,103,656
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11 Hill Cir
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