Residential Land For Sale
$3,120,000
Nacimiento Lake Drive
Paso Robles, California, United States
82 acres
Listed By: Landcentury
Listed On: 09/13/2023
Listing ID: GL10759322
Description
Owners will carry $3,200,000, either in a 1st trust deed note or full venture equity with the right buyer/operator. Opportunity for vertically integrated cannabis campus. Located on a picturesque 82+ Acre Estate on the Central California Coast. Complete local approvals and operational for the past 2 years. Seller is offering up to 80% controlling interest in the clean corporation operating entity holding multiple licenses and lease for $1.44M. Current operation includes 3 acres of cultivation and 3,200 sf commercial building with F1 manufacturing occupancy, approved for processing, type 6 manufacturing, distribution, and retail dispensary (delivery only). Roads, grading, building pads and drainage completed for next phase of project which includes 22,000 sf bloom and 23,000 sf nursery greenhouses. Approval also allows for 15,000 sf of processing/maintenance buildings and 80,000 sf of solar array. Seller is also offering to sell up to 40% of the 82-acre property for $2,480,000 so the buyer has a stake in the property. An appraisal done in 2022 valued the property without the operation at $6.2M. Seller is open to discuss ownership percentages to create a win-win scenario for all parties. Seller has done a great amount of work over the past several years as evidenced by the permits listed above and is looking to take on a JV partner to handle the cannabis operations and is open to discuss ownership percentages of the business and the land to create a win-win scenario for all parties. Asking Price includes 70% Operating Equity and 30% ownership of the property. Future potential, the property has been developed with key components of a sustainable and secure C-level / family compound sanctuary. Off grid living components, sustainable agriculture components, permaculture garden, fruit trees, animal areas, large water storage capacity , large fuel reserves, back up power generation, abundant wildlife, fire suppression systems and high ground security. An additional large residence with eco suites has been fully entitled and designed.
