6+ Acre Real Estate with Cultivation, Manufacturing, Distribution Permits for Sale in Tax Friendly King City

King City, CA 93930, USA
$2,800,000

Details

Listing 4174

Asking Price: $2,800,000 

6.09 acre land for sale with multiple cannabis permits previously issued.  Multiple site plans available, some already approved by the city.  Arguably the best plot of land in King City for cannabis new development. Fantastic site for large scale cultivation, distribution, and manufacturing (including type 7).

Site plan 1:  8 buildings with footprints of approximately 15,000 sf each. This could potentially be two stories each the building is approximately 30,000 sf. allowing for 240,000+ square feet.  The new owner could (with approval) potentially be subdivide the parcel into 8 separate lots and either lease, sell, or operate each building.

Site plan 2:  Two large greenhouse / building structures. Building B has no detailed plans developed but has a footprint of approximately+-67,000 square feet.

Building A: Head building of approximately 12,775 square feet.

Greenhouse approximate square footage of 79,000.

Details

  • Water: municipal water service
  • Local CUP with building plans developed for some of the site layouts
  • Local permits previously issued include:
    • Non-storefront Delivery
    • Cultivation Permit
    • Nursery Permit
    • Manufacturing Permit
    • Processing Permit
    • Distribution Permit

King City is willing to reissue many of these permits in the new property owner’s name. These permits are located in the cannabis tax friendly city of King City, CA. The owner would need to complete construction of the structures. The permits were previously approved at the state level for some of these layouts but, and have since then expired. This is a great opportunity for someone who is looking to target major California markets while taking advantage of favorable tax rates.

Term of purchase

  • For Sale: $2,800,000 or For Lease: Market Rent

 

Steve Bermudez – Cannabis Real Estate Consultants – DRE#02116483

  • ID: 9023
  • Published: March 10, 2022
  • Last Update: March 23, 2022
  • Views: 2450

Plans

Overall Floor Plan

Site Plan 1

Site Plan 2

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