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River Road - River Rd & Hwy 68 - River View at Las Palmas, Salinas, CA

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River Road - River Rd & Hwy 68 - River View at Las Palmas

River Rd & Hwy 68
Salinas, CA 93908 - North Monterey County Submarket

Property Type:Land Parcel Size:15.67 Acres
For Sale Price:For Sale Price/Acre:For Sale Price/SF:-

Proposed Use:MultiFamily, Apartment Units - Condo

On-Site Improv:Raw land

Sale Notes:
This property is proposed for an independent, assisted, and memory care senior facility is planned for Las Palmas Ranch and is located in the prestigious Hwy 68 corridor within close proximity to the Monterey Peninsula. This project is located next to some of Monterey Peninsula' s premier residential neighborhoods, such as Las Palmas Ranch, Monterra, Pasadera, Tehama, Hidden Hills, Corral di Tierra, San Benancio and Toro Estates. The amenities in the main buildings include lounge, theater, bistro, wellness, beauty, and dining areas.

The seller has filed an application for a CUP for a senior living development with the County of Monterey. Details of this project are:

Main Buildings
Assisted Living Facility: 43,384SF
Memory Care Facility: 38,708SF
Total: 82,090SF in the main buildings

Assisted Living Casitas: 37,844SF
Total Project Living Area: 119,934SF
26 units assisted living casitas 44 Beds
40 units assissted living care facility 52 Beds
39 units memory care facility 48 Beds

Project entitlements are scheduled for approval Fall 2016.

Within the gated Las Palmas Ranch. Three miles to Salinas and 15 miles to Monterey. Scenic views of the Salinas Valley.

JNM Company Commercial Real Estate
John McCormack
(831) 625-1414

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