Asking Price: $3,800,000
Existing Development – Excellent Location. For Sale, Lease, or Joint Venture.
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.
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 License Permits:
- 4 cultivation permits; 82,000 sf plant canopy
- 4 type 7 manufacturing license permits
- 4 distribution license permits
Other Utilities – natural gas, municipal water, (4) 2500 amp 3 phase power
Terms of Purchase
- For Sale, Lease, or Joint Venture.
- Asking Price: $3,800,000 for real estate and licenses
Steve Bermudez – Cannabis Real Estate Consultants – DRE# 02116483
- ID: 6912
- Published: September 10, 2020
- Last Update: February 25, 2021
- Views: 1386