19424 Butts Canyon Rd
Middletown, CA 95461

When contemplating an investment in a cannabis property, it involves overseeing a lot of moving parts, oftentimes with viewpoints from different members of a team. To have a successful well-crafted production site? The location is key. This 20 acre property is centered in the heart of Lake County off of what is known as the "scenic corridor" allowing the owner to have created the perfect storm. Less than five minutes from downtown Middletown, the property is close to vineyards and wineries. In addition, a short three minute drive from this property is an approved major resort site with multi-million dollar homes, golf courses, restaurants and hotels. Once completed this will create a playground for the uber wealthy and bring a major influx of tourism to the area. What this opportunity has to offer ~ *Fully Licensed both state and local for 3B mixed light cultivation of over a half acre with an additional 5,000 sq ft permitted and not yet built out. *4,000 sq ft state of the art processing energy efficient warehouse with a building within a building design. Security camera system in place. ADA bathroom and separate crew shower. Split a/c units and rooms ready for new operators vision. *3 phase power *Well with ample water. Extensive hydrology report available. Processing license in place. *13 greenhouses able to produce 100 lbs per greenhouse each cycle - electrical and irrigation lines stubbed to each greenhouse *Estimated annual net production of 4,000 lbs. *30% cap rate possible with a conservative estimate of net profit of $1,400,000. *3bd/2bth manufactured home on site, fully remodeled interior and currently bringing in $3k a month as an AirBnB rental. *RV hookups at cultivation site *Asking price of $3,200,000 - creative financing from a capable well funded buyer would be considered. *Lease Option with purchase or straight lease will also be considered.