9.27 AC Cannabis industrial land zoned with CUP and plans
Desert Hot Springs, CA
Asking Price: $2,200,000 ($5.29/SF)
Features
- Approved CUP 08-18 for (2) greenhouses and (1) building totaling approximately 168,220 SF grow space
- Greenhouse 1: 63,824 SF w/ 14,676 SF Headhouse
- Greenhouse 2: 63,824 SF w/ 14,676 SF Headhouse
- Future Building: 40,572 SF
- Construction plans for 2 greenhouses with MEP, landscape plan, precise grading plan, hydrology study, water quality management plan included in purchase price
- All utilities to site – water, sewer, electric, gas line
- Just north of MedMen, Canndescent & Zenco
- Cannabis Friendly City – No Manufacturing Tax in DHS
- Located in the Opportunity Zone – Defer your capital gains tax
- Asking Price: $2,200,000 ($5.29/SF)
Vicinity Map
Amenities
- Location: The property is located on the east side of Little
Morongo Road, north of 13th Ave in the city of Desert Hot
Springs. - Zoning: I-L (Light Industrial)
- APN: 663-260-002
- Parcel Size: 9.27 AC gross, 9.55 AC net (631’ x 680’)
- Utilities: All utilities to site,
- Highest & Best Use: Cannabis Cultivation and Manufacturing
- Earthquake Fault Zone: No
- Flood Zone: Yes, 100 year zone
- Topo: Flat
- Terms: Cash – Provide Proof of Funds with Offer
- Directions: From I-10 traveling east exit Indian Canyon Dr. and take a left (north). Travel 1 1/4 miles to Dillon Rd., turn right (east) on Dillon Rd. Travel 1 mile to Little Morongo Rd., take a left (north) on Little Morongo Rd. and travel 2 miles to Hacienda Ave. Property is on the NE corner of Little Morongo Rd and 13th Ave.
The biggest advantage GGS greenhouses have is the abundance of natural light coming into the greenhouse. The computer control system controls and monitors all the nutrients, lights, blackout, air circulation, CO2 and irrigation needs of the plants, it is designed to maintain the exact environment needed for as many different growing zones as you want and can handle different environments for propagation, cloning, flowering and for as many different varieties as you want to control. With our system, all of this can be conveniently run from your smartphone.
Available Plans & Studies
- Construction Plans for Greenhouses 1 & 2 with MEP
- Precise Grading Plan
- Hydrology Study
- Water Quality Management Plan
What is an opportunity zone?
Why is investing in an Opportunity Zone better than a 1031 exchange?
Temporary Deferral: Similar to a 1031 Exchange.
Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation.
Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income. For more information please visit: the Opportunity Zone page
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DISCLAIMER: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property.
Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492
Ranked #1 in the Coachella Valley for Commercial Real Estate
Rebecca Ramirez, Sales Agent
rebecca@dppllc.com
Mobile 760-333-7170
Office 760-360-8200
DRE License #02050799