Cannabis Property for sale in Riverside , CA 92507

This particular property was in application for retail/delivery/distribution during phase 1 of application in Riverside County. The operator did not get awarded one of the limited licenses, because a neighboring property and applicant got it first. In November of 2020 the applications in Riverside County opened again but retail was no longer on the table. Work started to design a 5,000 sq ft cultivation facility but the operator did not execute on the plan as they are focused on retail only. The building is now for sale and the original teams that can design the facility and push through the application are still available if needed. Estimated time for licensing will be 3 months and improvements on the building and build out will take 4 months.

The building does need a lot of work but the price reflects the improvements needed, and is cheaper than other eligible properties in SoCal.

Details

Total Building Sqft: 8,500

Building 1: 3,000 sqft

Building 2: 5,500 sqft

Land acreage: 0.25

Canopy Size in Sqft: 5,000

Licensed or Eligible: Eligible

License type: Delivery; Distribution; Manufacturing / Processing; Volatile; Non Volatile; Cultivation; Indoor Cultivation; Nursery; Testing; Micro Business

Ceiling height: 16

Time frame to be operational: 7 months.

Utilities

Water on Grid: Yes

Access To Natural Gas: Yes

Available Power in Amps: 400. Another 400amps can be installed easily within 6 months (enough for 5,000 sqft of canopy). 

Parking: Yes

Term of purchase

For Sale: $900,000

Miklos Campuzano – Cannabis Real Estate Consultants – DRE#02072292