Posted on November 13, 2022 / 167Listing ID: 491334APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $2,499,000
Cap Rate : 24.7%
Power (AMPS) : 2 times 200amp single phase 240 volt and one three phase 60 amp/240 volt service for agricultural usage.
Cannabis or Hemp Use Allowed? : Cannabis
Current Cannabis Business License? : 403R-00750
License Type : Recreational
City Tax Rate : 5%
Sale Type : Cash, Financing, Owner Financing
Company Name : Sugar Magnolia Farms lic #403R-00750 /
Phone : 631-553-1057

This Farm is one of the most beautiful pristine organic agricultural farms in Southern Colorado. Centrally located only 8 miles from town of Pueblo on main access Hwy 50 E in Avondale , across the street from CURALEAF cultivation., currently the largest in Colorado. This is a perfect investment opportunity for a large scale operator to acquire a large outdoor cultivation before total legalization.

This is also a wonderful opportunity to purchase one of the few left true active agricultural farms with 7 separate growing fields and underground water piped for 2 .5 miles to 7 individual well heads with 70-90 acre ft allotted of water from CWPDA in Colorado.  The farm is located adjacent the Arkansas River basin (water supply) and it is part of the green belt of Colorado’s agriculture farms. The farm has done numerous crops from corn, peppers, alfalfa, pumpkins etc. This is a true working agricultural farm. It supports active state crops with six individual irrigated fields of over 70 Acres. This is a perfect size for a family farm and a successful agricultural operation with a possibility of a small cattle herd for the corral. The farm has decreed water rights from 1968 with an average yearly water usage of 70 to 90 acre feet under permit number 5157F from the department of natural resources Colorado permit. We have just upgraded and installed a new agricultural well pump that supports 500 gallons per minute water flow. This Farm also has a current triple net lease to a recreational marijuana license 403R00750 with incoming proceeds of rent of $10,000 per month for a processing facility and 10 acres fenced in the duration of the lease. The recreational cultivation is at a tier 3 expanding to teir 4 featuring  6000 plants fenced in. The recreational license is sold separately at $699,000. All 74 Acres have been zoned through Pueblo county to allow marijuana cultivation for future growth making this farm the largest footprint in Colorado for outdoor marijuana cultivation for sale at 1,799,000. The farm  can house up to 90,000 plants on all the irrigated fields. This is a multi-purpose farm with significant income from leased marijuana cultivation operations. The farm has multiple structures on it including a three-bedroom 2000 square foot home and 1000 square-foot Cottage and a large processing facility  for the lease operations.

This is a great opportunity

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Cannabis & Hemp Banking
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