MA State and Local Approvals for Cultivation and Manufacturing

Details

Listing 4908

ASKING PRICE: $250,000

Well-kept building in coastal Massachusetts approved for cultivation and manufacturing at the state and local levels: provisional state approval and HCA (Host Community Agreement) in place. Massachusetts is a healthy east-coast cannabis market, which is much further along than other nearby “cannabis markets”, ie New York, New Jersey, Pennsylvania, etc. Owner is ready to make a deal on these approvals, and will lease or sell the real estate at standard market prices!!!

License Highlights:

• State Provisional Approval:
  • Cultivation and Manufacturing
• Host Community Agreement (HCA):
  • Renewed in May 2024
  • Standard, cannabis-friendly agreement
• 10,000 SF of Cultivation Canopy
• Create your design with the City of Plymouth
  • Special permit in process, but ready for finishing touches
• Strong workforce base with high education levels

Real Estate Highlights:

Located just 40 miles south of Boston on the eastern seaboard, Plymouth has a moderately sized, well-educated demographic. The property boasts plenty of power with reports as high as 2,400 amps (new occupant/owner to verify), 18’ clear height with dock high doors (3) and 1 grade level roll-up, and sits at the end of cul-de-sac. The building is vacant in shell condition, and has been well cared for by the current owner.

• 23,500 SF on 1.58 acres
• Excellent freeway access
• Cul-de-sac location
• Huge power
• Well cared for
• LEASE OR PURCHASE
• Standard market pricing:
  • Lease: $14/SF/yr NNN ($1.17/SF/Mo)
  • Purchase: $3,600,000 ($153/SF)

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Jason Piazza – License# 01405965 – WeCann

Ben Stout, Atlantic Properties, 508-746-2500, bstout@atlanticproperties.com