Sub-Division Land; Ferrasci Ranch, Salinas, CA
For Sale | |
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Asking Price: | TBD |
Property Type:: | Land: Future Growth Area - North Salinas |
Location:: | NE of North Main Street and Russell Road, Salinas |
Land Area:: | 220 +/- Acres |
Proposed Uses:: | Residential and Commercial Development |
Current Uses:: | Agricultural |
Project Description: | Idenfied as a Priority Opportunity Area in the City of Salinas, Economic Development Element (EDE) draft report submitted to a Joint City Council & Planning Commission meeting held in April, 2014. |
Comments: | The subject property is located adjacent to the City of Salinas and is prime for annexation and development for
residential and commercial uses as a mixed-use project. Level agricultural land with easy access from Hwy 101 at Sala Road Interchange ( the new interchange) and the Russell/Espinosa Crossing. Hwy 101 traffic count north of Russell/Espinosa north is 72,861 ADT, the fourth highest count in Monterey County. City of Salinas residential densities for the future growth area have averaged 9 units per acre. There are significant advantages to develop the Ferrasci Ranch, including; visibility, near existing retail and commercial developments such as Northrididge Mall, Westridge Shopping Center and Harden Ranch Plaza, surrounded by existing residential community and Middle School. Land Area: 220 acres Parcels: 113-151-002 25.8 Acres 113-151-003 98.1 Acres 113-161-018 96.5 Acres Current Use: Agriculture Current Zoning: F40 Future Growth Areas of Salinas Residential Density: 9 DU/AC Prunedale Improvement Project: The underpass at Russell/Espinosa Road and the overpass at Sala Road are operational. CALTRANS is projecting that the work will be completed early 2015. Status: Located in the County of Monterey. Not within the sphere of influence of the City of Salinas. Sellers have vacillated between development in the County of the City. Due Diligence: There are no studies, reports available for the property relating to due diligence. Asking Price: Make offer City of Salinas: Municode
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Available PDFs | |
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City of Salinas - Industrial District: Use Classifications | |
EDE - Economic Development Element Vol 1 |