sherwood drive @ us 101 salinas, monterey county, california€¦ · 328 b main street salinas, ca...

328 B Main Street Salinas, CA 93901

ph: +1 831 449 8000 fx: +1 831 769 0314

cushmanwakefield.com

For more information, please contact:

Greg Findley Managing Director+1 831 755 [email protected] #01170453

Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.

FOR SALE Sherwood Drive @ US 101 Salinas, Monterey County, California

Premier Location for Development, 13.45 Acres ± Property Description

Four contiguous vacant parcels totaling ±13.45 acres

Current Phase I Environmental Report

Ideally located at US 101 and Sherwood Drive in Salinas, CA (Monterey County)

High Visibility on US 101

Ideal zoning for this property with support of city government

Zoning is “MX”- Mixed use which provides for multi-residential and employment

opportunities in an urban setting. Zoning provides incentives for complementary

housing and commercial development. Many uses not requiring conditional use

permits, only site plan reviews which saves time and money. Allows 24 Units per

acre plus up to 35% density bonus depending on income of occupants.


ph: +1 831 449 8000 fx: +1 831 769 0314






Property Highlights

• Excellent visibility from multiple directions

• Centrally located - Short distance to:

Natividad Medical Center

Sherwood, Creekbridge, Westridge and Northridge Mall shopping centers

Many amenities in the Salinas City Center to include the National Steinbeck Center and Maya Cinemas

Transportation Center to include train and Greyhound Bus Terminals

Salinas Sports Complex, Salinas Rodeo Facility and Municipal Swimming Complex

Owner Participation

Owner will consider a sale or land contribution which will provide a preferred return in a joint project with

institutional developer

City of Salinas

Salinas, known as “The Salad Bowl of the World” due to its production of lettuce and other crops, is Monterey County’s largest city and its employment center, with about one-third of all county jobs. Agriculture makes up the largest portion of Salinas’ economic base, while more than 100 manufacturing firms also reside in Salinas.

In spite of economic downturns, both the city and county are resolved to spark an economic rebound and will continue to promote long-term growth and encourage agricultural innovation. Most significantly in 2011, the city council approved a new proposed 257-acre agricultural business park on the city’s southern outskirts. The proposed center would consist of five parcels zoned for ag-industrial usages and over 4 million square feet of development space for cooling, processing and shipping facilities. The project is intended to promote long term economic growth, retain more value locally in the strong agricultural industry in Monterey County, as well as provide thousands of new jobs. The center will be built on farmland to the south, off of Abbott Street.

Salinas is located just 18 miles from Monterey and Carmel, world famous vacation sites.


ph: +1 831 449 8000 fx: +1 831 769 0314






Monterey County And Monterey Peninsula Overview

Monterey County is located on the Pacific Coast of California, with its northwestern section forming the southern half of Monterey Bay (Santa Cruz County forming the northern half). The county seat is Salinas. Monterey County is a member of the regional governmental agency, Association of Monterey Bay Area Governments. The beautiful coastline, including Big Sur, California Highway 1 and the 17 Mile Drive on the Monterey Peninsula has made the county world famous. The economy is primarily based upon tourism in the coastal regions, and agriculture in the Salinas River Valley. Most of the population is concentrated along the northern coast and Salinas Valley while the southern coast and inland mountain regions toward Big Sur are almost devoid of human habita-tion. The County is comprised of 12 incorporated cities and the total population for the Monterey Peninsula is 150,000. Annually, approximately 8.1 million people visit the area.

Visitors enjoy strolling the streets of Monterey, absorbing the historical and cultural past. Monterey features an array of fine restaurants, boutiques, galleries, inns and recreational opportunities, including the Monterey Bay Aquarium. The city plays host to a wide variety of festivals and world-class events from The Monterey Jazz Festival to the Red Bull U.S. Grand Prix featuring the Moto GP World Championship at nearby Mazda Raceway-Laguna Seca. Over thirty restaurants, night clubs and every type of entertainment from comedy clubs to pool halls, all within walking distance, makes Cannery Row and Fisherman’s Wharf the place to be.

The Monterey Bay Area is serviced by the Monterey –Salinas Transit system and Amtrak on the ground along with the Marina and Salinas Municipal Airports and Monterey Peninsula Airport in the air. Historic Highway 1 and State Highway 101 act as the two main arterial roadways connecting the County with San Francisco and Sacramento to the north and los Angeles and San Diego to the south


ph: +1 831 449 8000 fx: +1 831 769 0314






sherwood drive @ us 101 salinas, monterey county, california€¦ · 328 b main street salinas, ca...

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