Listing ID : 667553
Listed On January 26, 2024 497
Listing Updated June 10, 2024
744 S. Derby Street is a meticulously designed Turn Key Cannabis Cultivation facility spanning 24,599 square feet. This property presents an unparalleled chance for a cannabis entrepreneurs to establish a cannabis hub strategically positioned to serve the thriving markets of Southern California and the Bay Area.
The property boasts a coveted status with its already secured Conditional Use Permits (CUPs) for a comprehensive range of commercial cannabis activities, including Cultivation (medium indoor), Manufacturing (type-7), Distribution, and Delivery. Further enhancing its appeal, the property is bound by a favorable Development Agreement and offers advantageous tax rates within the City of Arvin.
Encompassing two (2) expansive industrial buildings with a total area of approximately 24,559 square feet, this property includes Building B, an impressive 18,000 square foot structure standing with a 21’ clear height and a robust 1,600 480 3 phase power capacity. Building A, a 6,669 square foot Non-Medicated warehouse and storage facility, features pre-engineered steel construction and is equipped with 600 amp 220 3 phase power.
Notably, the buildings have undergone substantial enhancements amounting to over $2 million, encompassing crucial upgrades to irrigation, plumbing, HVAC, and the sprinkler system. Additionally, the property holds the distinction of being CEQA exempt, providing a significant advantage by streamlining future compliance requirements and mitigating potential issues.
The property’s strategic central location places it in close proximity to the foremost cannabis markets in the country, providing a potential buyer with unparalleled access and potential for growth.
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