
Salinas, California 93908
Analysis of 23820 Potter Road, Salinas, California 93908 is currently available with a list price of $8,950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Salinas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 1985, making it approximately 40 years old. While the commercial infrastructure is described as turn-key with robust electrical (1,000+ amps) and climate systems, the residential structures are dated and likely require updates to kitchens and bathrooms to meet modern standards, fitting the criteria for properties over 20 years old.
The property features a massive 483,000 sqft greenhouse facility with a fully integrated closed-loop system, including automated fertigation, climate control, and independent utility services for high-volume production.
With 39 active cannabis licenses included, this facility offers a rare, ready-to-operate advantage in a highly regulated market, significantly reducing the barrier to entry for investors.
The inclusion of an experienced operations team and an established wholesale pipeline ensures immediate revenue potential and a smooth transition for the new owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =995346, other record lot size in square feet = 461881. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4000, other record living area = 4965.
The property's highly specific use as a large-scale cannabis cultivation site limits the potential buyer pool to a niche industry subject to volatile market pricing and regulatory shifts.
Managing over 500,000 sqft of specialized building coverage and complex mechanical systems requires substantial ongoing capital expenditure and technical expertise.
Riverview Farms is a 22.3-acre, two-parcel cannabis cultivation property in Monterey County's agricultural corridor. The facility comprises over 483,000 square feet of greenhouse, approximately 15,700 square feet of processing and distribution infrastructure, and two single-family residences, totaling 504,000 square feet of building coverage. Each parcel is independently served by its own agricultural well, water storage, processing center, and residence. The operation is a fully integrated closed-loop system. Genetics are developed, propagated, cultivated, harvested, dried, trimmed, and packaged entirely on site. Soil-based cultivation using steamed and recycled substrate substrate, automated fertigation and climate control, and five harvest rotations per year produce a continuous supply of finished flower currently sold out at market. Both parcels are equipped with 1,000+ amp electrical service, natural gas distribution to all greenhouses, fire suppression infrastructure, underground conduit for supplemental lighting, and 24-hour security with perimeter fencing and camera coverage. The facility carries 39 active cannabis licenses across both parcels. An experienced operations team is in place and prepared to stay on through a transition, with in-house sales maintaining a consistent wholesale pipeline. Riverview Farms is one of the last surviving greenhouse cannabis operations of its scale in Monterey County. Turn-key facility, active licenses, proven infrastructure, and a team that knows how to operate successfully.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 4,000 | 3,250 | 50% |
| Lot Size | 995,346 | 690,861.594 | 50% |
| Price | $8.95M | $5.72M | 50% |
| Price per sq ft | $2.2K | $1.6K | 50% |
| Built year | 1985 | 1978 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 129 | 50% |
May 26, 2026
$8,950,000
Initial Listing
Dec 5, 2001
$775,000
Public Record