Price reduced $1M! This is an amazing opportunity to purchase a 120+ acre cannabis farm with CUP located in beautiful San Luis Obispo County. The Cougar Ridge Farm consists of three forty-acre parcels; 048-151-037, 048-151-043 and 048-151-044.
Water: There are two wells on parcel 048-151-043 and one well on each of the other two parcels which are sufficient for all projected water needs. Irrigation lines throughout the entire property are already in place, as are all necessary water and nutrient storage tanks.
Electricity: Parcels 048-151-043 and 048-151-044 currently have grid-connected power. Parcel 048-151-037 does not have electricity; however, a quote was obtained from PG&E, and it is estimated power can be brought into the parcel for approximately $55,000 if desired.
Telecommunications: All parcels have cellular coverage. Parcels 048-151-043 and 048-151-044 have Satellite Internet and land-based phone lines located at the residential structures.
Residential Structures: Parcels 048-151-043 and 048-151-044 have residential structures. The 2-bedroom home on parcel 048-151-043 has had a $300k+ remodel and is approximately 2,500 square feet, with a detached 1,200 square foot garage. The 2-bedroom house on parcel 048-151-044 is approximately 1,800 square foot with a 235 square foot barn. Parcel 048-151-037 does not have any permanent structures.
The farm is an equidistant 3-hour drive from both Los Angeles and San Francisco making it convenient from a sales distribution standpoint. San Luis Obispo County is known for being one of the premier cannabis cultivation climates in California along with Humboldt and Santa Barbara counties.
With the Pacific Ocean to the west, each evening through mid-morning Pacific fog and coastal breezes funnel in and permeate the property throughout the year. Combined with low annual precipitation, an ideal elevation above sea level and an abundance of natural aquifers, the area enjoys a premier microclimate coupled with an extended growing season that is also prized by California’s wine industry.