The City of Arvin is very progressive and friendly to the business with an open door policy. The construction drawing package is currently in the city . Approval is expected by the end of January. Preliminary work has been completed to build an additional 20,000 sq ft 2-story building on the site, pending an expected reclassification of M-2 light manufacturing from heavy industrial to light industrial industrial per the city of Arvin development plan.
Take advantage of this outstanding opportunity to purchase an entitled Cannabis Cultivation,Manufacturing, Distribution and Retail Delivery facility, eligible for both medical and recreational use! Upon completion and final inspection of the entitled build-out, a Certificate of Occupancy and business license will be issued.
Don’t miss out on this rare opportunity! Custom construction and operating plans are available to be viewed for qualified parties. In addition, the city is also currently accepting applications both volatile and non-volatile manufacturing, which this property is eligible for and which can be added on as a permissible use through the city if the Buyer would like to. This exclusive listing will be SOLD very quickly so act fast and it can be yours!
This is one of the few properties eligible for marijuana licensing in the state that has the ability to house non-storefront retail delivery, volatile and non-volatile manufacturing, distribution as well as both indoor and mixed light cultivation by taking advantage of the glass rooftop of the building! In addition, this property is located in a federal “opportunity zone” which provides significant tax benefits to owners who plan to hold onto the building for 5+ years before selling it.
Arvin is building a solid reputation in the Cannabis Industry by being a progressive city that has one of the lowest tax rates in the entire state, and this AMAZING property is on track to be the first approved facility in the city for Marijuana Production.
Check out these anticipated fee structures in Arvin:
Nursery/Cultivation $6 per square foot under canopy with 100% artificial light
$4 per square foot under canopy with mixed light
Testing – 2% of gross receipts
Manufacturing – 6% of gross receipts for the first $750,000
3.75% for revenues over $750,000 up to $2.5m
2.80% for revenues over $2.5m
Distribution – 2% of gross receipts
Retail delivery (non store-front) 3.75% of gross receipts
This is the property you have been waiting for…
Buyer should verify off the information contained herein prior to close of escrow