Listing cover photo
1 / 1

23820 Potter Road, Salinas, CA 93908

$8.95M5bd · 4ba · 4,000 sqft
Lot 23 sqft•Commercial/Residential•
Active
•138d on market•MLS# NS-26114496

Property Description

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.

Features & Amenities

FeeBuilt 1985

Property Details

Land Type
Fee
Year Built
1985
Property Type
Residential
Property Subtype
Commercial/Residential
Parking Spaces
2
Garage Spaces
2
Cooling
None
View
Hills
City
Salinas
Zip Code
93908
County
Monterey
Listed byWarmstone Advisors, Jamie Warm

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$45,256.07
Principal & Interest
Loan Amount
$7,160,000
Total Interest
$9,132,185
Total Payment Over 30 Years
$16,292,185
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 0 active · 0 closed

23820 Potter Road, Salinas, CA 93908

Salinas · Commercial/Residential

$8.95M
Luxury Tier
Beds
5
Baths
4
Sqft
4,000
Lot
22.85 ac
Year
1985
$/Sqft
$2238
Pool: No✓
View: Hills✓
Garage: 2-car✓

Luxury tier — fewer comparable sales widen the confidence range.

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.