Sub-Division Land; Ferrasci Ranch, Salinas, CA
|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|
|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
|City of Salinas - Industrial District: Use Classifications|
|EDE - Economic Development Element Vol 1|