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For Sale | Rare Salinas Residential Development Opportunity (11 Hill Circle, Salinas, CA)
11 Hill Circle, Salinas, CA 93905
11 Hill Circle
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Property Address: 11 Hill Circle, Salinas, CA 93905
Asking Price: $2,690,000
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 DETAILS
Lot/ Land Size: ± 7.74 Acres
Type: Residential
Zoning: Residential R-L 5.5
Construction Plans: Available Upon Request
New Residence: 37 parcels with homes
Demographics: 1 Mile - 42,781 | 3 Mile - 150,003
Frontage: 386’ on E Laurel Dr.
For over 40 years Mahoney & Associates have provided the market knowledge and guidance needed to generate superior financial returns for our clients. We specialize in the leasing and sale of retail and industrial properties, office buildings, apartments, hotels/ motels, and land for development. Asset management and consulting services are also provided.We realize that the success we achieve is in direct proportion to the quality and service we provide to the client. We do not take any business for granted, and sincerely appreciate the opportunity to represent you in any and all aspects of commercial real estate.
The information contained herein has either been given to us by the owner of the herein described real property or obtained from sources we consider reliable. However, we do not represent that it is accurate or complete and it should not be relied upon as such. All of the information contained herein is subject to change without notice.
Offered By
James Kendall
Sales Associate | DRE #02010395
Mahoney & Associates
501 Abrego St.
Monterey, CA 93940
https://www.mahoneycommercial.com/
T: (831)646-1919