2.5 Acres Cannabis Land with Approved CUP for 50,000 SF Grow

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30270703
Property Subtypes: Industrial
Status: Pending
Gross Land Area: 2.50 Acres
Sale Price: $900,000
Unit Price: $360,000 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/9/2018

Overview / Comments

Hard to find land with approved CUP for 50,000 SF Cannabis Grow. Approved Culitvation Project for Greenhouse and Frame Stucco Construction. There are 2 contiguous lots available each with a separate CUP, (lot to the west available for an additional $900,000). Call listing office for copies of CUP’s and project plans.

Zoned L-I Light Industrial (Zoned for Cultivation & Manufacturing)
Property is approximately 1,980 feet east of Little Morongo Rd.
Utilities available on Little Morongo Rd.
Call listing office for copies of CUP’s & project plans.
Owner will carry with 50% down, 7% interest only payment for 3 years from close of escrow.
Adjacent 2.5 Acre lot to the west also available for $900,000 with CUP and plans.
(See Listing#30186836)

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 663-280-004
Property Located Between: Little Morongo Rd and Two Bunch Palms Drive
Largest Nearby Street: Little Morongo Rd
Feet of Frontage: 660
Highway Access: 10 Fwy
Airports: Palm Springs International
Area Description: In the heart of the cannabis cultivation zone. WITH SEWER HOOK UP AVAILABLE ON LITTLE MORONGO.
Lot Frontage: 660 feet on Thomas Ave
Zoning Description: L-I Light Industrial
Development Name: Maddox projects
In Flood Plain?: Yes
Topography: Level
Easements: Pipelines, Ingress/Egress, Utilities, Other
Easements Description: 30' easement on south side for ingress/egress and for all utilities.
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,436 36,615 43,564
Median Age: 31.64 33.81 33.98
Households: 2,017 12,376 14,789
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