GREAT OPPORTUNITY JUST BECAME AVAILABLE.
• Existing Development – Excellent Location
• 4+ Acres Designed & Partially Developed
• Can Be Subdivided Into 1, 2, 3, or 4 Lots
• $3,000,000.00 already spent on this project. Utility infrastructure completed. One 20,000 sq ft greenhouse and type 7 manufacturing head house are at ~70% completion and can be 100% completed in ~4 months, ready for the upcoming season.
Includes 12 Existing City Approved Permits:
• 4 cultivation permits; 82,000 sf plant canopy
• 4 type 7 manufacturing permits
• 4 distribution permits
King City has one of the lowest net tax rate for a vertically integrated cannabis business company in California. The Cultivation tax is now $9.75 per sf.
King City allows NEW GREENHOUSES to be built. Type 7 Manufacturing tax is $30,000 flat a year in King City. Distribution and Non-Store Front Dispensary “Delivery” are both zero tax in King City. And unlike most cities and counties – King City’s CEQA review is compliant, which means all projects will receive pre-CEQA clearance. A savvy investor or company understands how significant that is.
STEVE B – DRE # 02116483
Alternative Real Estate Investments, Inc