Posted on January 18, 2023 / 117Listing ID: 516048APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Banking
Price : $1,999,999
Size : 17,947
Lot Size (Acres) : 23,626
Cap Rate : 12
Cannabis or Hemp Use Allowed? : Cannabis
Current Cannabis Business License? : No
Year Built : 2007
Utilities : Water, Electricity, Gas, Sewer, Natural Gas, Trash
Sale Type : Cash, Financing
Company Name : LAER Realty Partners
Phone : 978 265-7917

Multi – use investment property with a cap rate of 12.  Marijuana cultivation, manufacturing and or testing is an approved use subject to site plan approval only!  Three separate buildings.  Building one is a 2 bay Mark VII 24/7 self-automated touchless car wash and commercial kitchen currently a take-out restaurant. Building 2 is 5 self-clean bay car wash units.  Building 3 is 5 rented industrial bay units with office / storage units / marijuana on 2nd floor. 11 coin operated vacuums and additional parking.  This property abuts the entrance to the Riverview apartments which houses 1000 UMASS students.  Great potential to increase revenue with current infrastructure or add additional square footage which seller planned for when developing the site.

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Cannabis & Hemp Insurance
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