About 1202 Castroville Road
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.
Features of 1202 Castroville Road
| MLS® # | ML82006514 |
|---|---|
| Price | $1,299,000 |
| Bathrooms | 0.00 |
| Acres | 66.28 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 1202 Castroville Road |
|---|---|
| Area | 699 - Not Defined |
| City | Salinas |
| County | Monterey |
| Zip Code | 93907 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
School Information
| District | Other |
|---|
Additional Information
| Date Listed | May 12th, 2025 |
|---|---|
| Days on Market | 493 |
| Zoning | agriculture |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Celeste Faraola Perie |
|---|---|
| Office | Schooner Realty |