CannaMLS ID: 4743
Created | Updated
Price
$ 3,200,000
This unique cannabis estate is fully licensed both state and local for a 3B Mixed Light Cultivation farm, with processing license. The property is centrally loc
Address: 19424 Butts Canyon Road
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture
Purchase price: $ 3,200,000
Lot size (acres): 20
Building size (sq ft): 4,000
This unique cannabis estate is fully licensed both state and local for a 3B Mixed Light Cultivation farm, with processing license. The property is centrally located to make the perfect storm of income streams for a savvy cannabis business operator. To make it in the industry today, it's all about branding. This site has the capability of not only showcasing an existing cannabis brand, but also the ability to grow and profit from the surrounding possibilities to bring in diverse income streams for your high end boutique products.
The owner has painstakingly created a project that can fulfill what an amazing cannabis brand will need to succeed. Not only is the farm in the "scenic corridor" of Lake County surrounded by vineyards and wineries and positioned right outside of the downtown area of Middletown, but it will be a short three minute drive from the approved "Maja Resort." This resort will feature hotels, restaurants, golf courses and multi-million dollar custom home lots. This will bring in not only large amounts of tourists, but will create a need for high end cannabis hospitality and this Cannabis Estate with the current licensing is situated to be at the heart of it all! Think about it being the playground for the uber wealthy, who will want to enjoy a luxurious cannabis experience literally right next door to where they call home.
The owner is very well connected with the county and is able to obtain additional licensing if wanted. Such as non-volatile manufacturing, self-distribution and cannabis hospitality licensing.
The property currently has a fully remodeled manufactured home which is a successful AirBnB rental, filled for the majority of the year. There is also the ability to build another custom home on the property and near the cultivation site are RV hookups. The 4,000 sq ft warehouse has an ADA compliant bathroom and a separate crew shower. The owner has methodically planned out every detail to make this cannabis estate an "all in one" opportunity. If you are considering any Northern California Cannabis opportunities, you need to place that on hold and stop to explore this Cannabis property. It warrants your time in seeing for yourself how thoroughly it has been set up without a step missed. It is one of the only properties in Lake County that obtained these specific entitlements in this location. The property can yield an estimated 4,000 lbs annually on the conservative level giving this property the potential to conservatively come in at a 30% cap rate.
Owner is open to creative financing proposals from a well funded cannabis operator. Will consider purchase, owner carry or lease option with purchase or straight lease.
Address: 19424 Butts Canyon Road
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture
Purchase price: $ 3,200,000
Lot size (acres): 20
Building size (sq ft): 4,000