17Listing ID: 249324GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $750,000
Status : ACTIVE
Size : 16125
Lot Size (Acres) : 0.85
Cannabis or Hemp Use Allowed? : Cannabis and/or Hemp
License Type : Medical & Recreational
City Tax Rate : 3
Sale Type : Cash, Financing, Owner Financing, Joint Venture
Utilities : Water, Electricity, Gas, Sewer, Natural Gas, Trash
Company Name : Archer Wilkinson, Inc.
Phone : 805-234-3722

A vacant 36,970 SF parcel in Grover Beach’s industrial/cannabis zone with approved plans is FOR SALE. Asking price is $750,000. The property has a usable square footage of approximately 22,000 SF. The owner has gone through the CUP process and has approved building permits READY TO PULL.  This project is fully entitled, all that is left to do is pay for the permits and build.  The plans are for a 16,125 SF building split over two stories each with 12′ ceiling heights.  One builder has quoted $116/SF to build the shell.  Along with the purchase price of the land the Buyer will be all in at $162/SF.  This is much lower than the $200-300/SF that most Sellers are asking.

Currently approved for distribution and manufacturing, however, should the Buyer want other or additional uses could this could be done with minimal effort.  The city of Grover Beach is one of the most developer friendly cities on California’s central coast and they are one of the few cities that want cannabis businesses to succeed. The cannabis taxes are currently on the low end of the state at 3% for most uses and 5% for retail.  

In addition to cannabis, the city of Grover Beach does allow hemp uses as well.  Please contact the city of Grover Beach to discuss all possible uses.

*Information provided herein is deemed reliable, however, we cannot guarantee the accuracy of all information. 

Contact Listing Owner
Cannabis & Hemp Banking
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