23940 Potter
Salinas, CA, 93908 $ 8,950,000
Baths0.0 Sq 504,000 Monthly Estimate*
$ 55,107
Listed by Warmstone Advisors
Studio for $8,950,000. This 504,000 square foot home was built on a lot size of 22.85.
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.
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FeaturesGeneralProperty Subtype Agriculture
Current Use Agricultural
Additional Parcels Description 137051024
County Monterey
Property Type CommercialSale
Special Listing Conditions Standard
Status Active
Directions Driving north on hwy 101 go right on Potter rd. Property will be on the right.
City Salinas
Lot Size Units Acres
Lot Size Square Feet 995346
Additional Parcels Y/N false
Virtual Tour https://app.cloudpano.com/tours/uuGkoMJqf
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional Agriculture
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InteriorTotal Stories 1
Laundry Features None
Entry Level 1
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ExteriorLot Features Agricultural FrontYard Garden Greenbelt Paved Ranch
Water Source AgriculturalWell
Lot Size Area 22.85
Number of Buildings 14
Building Area Total 504000
Lot Size Acres 22.85
Lot Size Source Assessor
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* Excluded FeaturesList Byjamie@WarmstoneAdvisors.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $55,107
- Monthly Property Taxes
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- Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Salinas, CA
Average List Price $1,062,875
Percent of Sale Price 88%
About Salinas, CA 156,722 Population
3% Since 2002
$ 53,080 Median Income
32.07 Median Age
44% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/28/2026 | $8,950,000 | | Listed Price |