A unique opportunity is available to acquire approximately 2.3 acres of cannabis-zoned real estate in California City, offering an attractive ground-up development opportunity for operators seeking to establish cultivation, distribution, and manufacturing operations in a cannabis-friendly jurisdiction. The offering consists of three flat parcels, including two separate approximately 9,000 sq. ft. lots, providing flexibility for the future layout and development of the property. Current ownership has already invested approximately $50,000 in pre-development, engineering, and environmental work, providing a prospective buyer with a significant head start compared with acquiring undeveloped land and beginning the planning process from scratch. The completed work includes an approved site plan, grading plan, topographic report, soils report, and City environmental approval. With these important preliminary development items already completed, a new owner can inherit a project where a meaningful amount of the initial planning, engineering, and environmental work has already been addressed, subject to verification of the current status and any remaining City requirements.

The property is positioned for multiple cannabis uses, including cultivation, distribution, and Type 1 manufacturing, creating an opportunity for an operator to develop a purpose-built facility around its specific operational requirements. The combination of multiple potential cannabis uses and ownership of the underlying real estate may be particularly attractive to operators seeking greater long-term control over their facility rather than committing capital to improvements on leased property. California City may also offer an attractive operating environment from a cannabis tax perspective. Under the City’s currently published cannabis tax schedule, manufacturing is taxed at 1% of gross receipts and distribution at 0.5% of gross receipts, potentially providing meaningful long-term operating advantages for qualifying businesses compared with jurisdictions carrying higher local cannabis taxes. With the real estate included in the asking price, approximately $50,000 in completed pre-development work, approved site plans, City environmental approval, and supporting grading, topographic, and soils work already completed, this opportunity offers considerably more than traditional raw vacant land. A buyer has the ability to acquire the underlying real estate while stepping into a cannabis development project where substantial preliminary work has already been completed.

Details:

Lot Size: 2.3 Acres of Flat, Vacant Land
Three Parcels Included in the Complete Package
(2) Additional 9,000 Sq Ft Lots Included
Site Plans Approved by the City
M1 Zoning
Approximately $50,000 Invested Toward Vesting
Real Estate Included in the Asking Price
License:

Cannabis Cultivation
Cannabis Distribution
Type 1 Manufacturing 

Asking Price: $199,000.00 (Seller Open to Offers) 

Must sign an NDA/Waiver before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group®, Inc.

Green Life Business Group®, Inc DRE CA LIC# 02061374

Grace Gurrola, DRE LIC CA #02253876

If you have any questions Call Grace (619)-773-5334 

Email: admin@glbgroupinc.com

Green Life Business Group®  Inc. we are here to both help you sell or buy a cannabis business.

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This listing is represented by (Local Broker) via the Green Life Business Group® National Affiliate Program.

Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®, Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.