23940 Potter , Salinas, CA 93908
$8,950,000
Est. Payment: $48,819.54/mo
504000 Sqft
22.85 Acres
Status: Active | Days on site: 129
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House 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.

Highlights

Listed by Jamie Warm , 805-722-7095 Warmstone Advisors , 805-722-7095. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
22.85

County

Monterey

Listing ID

NS26116095

Questions about this listing?

Contact Agent

Interior Features

Water:Agricultural Well

Exterior Features

Lot:Agricultural,Front Yard,Garden,Greenbelt,Paved,Ranch,No Land Lease
Principal Interest
$48,820
Taxes
$5,706

Home Price

$8,950,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$1,790,000
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Monthly Price:
$48,819.54

Principal

Taxes

Principal Taxes HOA Total
Monthly $48,819.54 $5,705.63 $0.00 $54,525.17
Yearly $585,834.50 $68,467.50 $0.00 $654,302.00
Total $17,575,035.06 $2,054,025.00 $0.00 $19,629,060.06

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Salinas, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T21:12:45.000Z

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