Posted on November 3, 2020 / 26Listing ID: 237656GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $2,500,000
Status : SOLD
Lot Size (Acres) : 3 acres
Power (AMPS) : 3 phase/1600 amps
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational
Utilities : Water, Electricity, Gas
Sale Type : Cash, Owner Financing
Company Name :
Phone : 9255659956

Amazing location right off Highway 101 in the City of Rio Dell.  Work with a cannabis friendly municipality that wants to see your business suceed!

 This owner put in all the hard work and now you can reap the benefits with a shovel ready opportunity.  All engineering, site plans and soil elevation have been completed.  Along with PG&E in que for 3 phase/1600 amp power to be installed at the site!  City Water ready to go.

Owner was granted a half acre of mixed light cultivation for the property with processing and a choice of additional licenses – manufacturing, distribution & retail dispensary.  Current owner created a blank canvas for new owner to choose their choice of licensing with the State. 

NextGen greenhouse designs are approved and financing may be possible with NextGen. 

Build it out in phases or start off with a greenhouse or two and your processing building and expand from there. 

The owner is willing to do a carry back on the $2.5M purchase with 50% down. 

With half acre of mixed light, you can pull in a conservative 1200 lbs per 90 day harvest cycle.  1200 lbs at a conservative price point of $1400 per lb (market was going for $1800 plus this year) = $1,680,000 per harvest.  4 Harvests = estimated gross annual revenue of $6,720,000.  This shows your investment in the property coming back to you within the second year at the most. 

Ready for build out and your vision. Reach out to me today for more details on how to start cultivating your success!

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Contact Listing Owner
Cannabis & Hemp Banking
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