5 Acres of Prime property zoned for Retail Storefront, Delivery & Cultivation, located on the Old Spanish HWY in Inyo County. The property is about 2 miles from the Nevada state line and 40 minutes from Las Vegas. This opportunity is a planned development for 27,0000 residential units by 2027. Water and Septic free, the property sits on a very robust water Aquifer entitling the owner to its water rights. Water is accessible starting at 200’ or less. There are power lines running up to the property line that provides the power needed for cultivation and/or Retail. The land falls within the Inyo County solar energy development area and the owner has analyzed the relative cost savings which would be in the .12-.18 cents per kilowatt hour. Leased solar systems may be available.
Greenhouse cultivation units of 1,000 sqft (unit) or greater @ $20/sqft buildout cost plus pro rata cost of shared electricity from SCE. 15% of gross (estimated) for shared license and permit renewals, compliance and distribution to California market (3hrs from LA, 4.5hrs to San Diego).
- Annual Cultivation Permit: Local: $8,850-% of sqft used
- Annual Cultivation Permit: State: $250/1,000 sqft Total $5,000
- Local Tax: 5%
Owner is highly experienced in the commercial cannabis industry and is positioned to provide all necessary applications and assist with licensing compliance. This opportunity is priced at a fraction of any other cannabis project and will not last long.
Ex: Capitalization cost: $30,000 for the first 1,000 sqft; $20,000 for each additional unit of 1,000 sfqt up to 10,000 sqft.
No monthly rent. 5-30 year terms available
Retail Dispensary on site will purchase all produce as needed or distribute to the LA or San Diego markets.
- Cultivation Space for 1,000 up to 10,000 sqft
- Water: Aquifer
- Power: SCE front of property
- Licenses: Inyo County Cultivation license in hand allowing for “over 5,000 sqft canopy, with adjacent parcels with the Retail Storefront and statewide home delivery territory and micro business.
Asking Price: $230,000.00
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
Green Life Business Group, Inc DRE CA LIC# 02061374
Eric Espinoza, DRE LIC CA# 02077927
If you have any questions Call Eric at (858) 245-6324
Or Email : [email protected]
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.