13.16 AC Cannabis Development Property

Vacant Land for Sale
Catylist Listing ID: 30546278
Property Subtypes: Industrial
Gross Land Area: 13.16 Acres
Sale Price: $1,655,000
Unit Price: $125,759 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 1/24/2020

Overview / Comments

13.16 AC cannabis property with approved conditional use permit #14-17 from the City of Desert Hot Springs. 2 MW solar power available at 8.9ยข per kwh, sves about $100,000 in electrical cost a year per 10,000 sf of cultivation. Tentative map #37360 being finalized for developed site plan with 10 lots and six buildings totaling 96,500 sf. Buildings from 9,400 to 23,000 sf. Current confirmed sales of finished lots for cannabis use in DHS are in the range of $10-$18 psf. Lots from 44,200 sf to 55,208 sf. Allowed uses include cultivation, manufacturing, distribution and transportation of cannabis products. Located south of Dillon Road on west side of Little Morongo Road. Abuts solar farm to the north and proposed solar farm to the south. Neighbor will share expenses for road development. Owners are flexible on terms; will consider financing, long-term ground lease, or build to suit.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 666-310-011
Zoning: L-1
Property Located Between: Dillon Road and 15th on west side of Little Morongo Road
Property Visibility: Excellent
Largest Nearby Street: DILLON RD
Highway Access: Hwy 10 about 1 mile away
Airports: Palm Springs International
Site Description: Flat land with Electric and Water on street
Area Description: In the heart of the cannabis zone
Zoning Description: Industrial- Cannabis cultivation, manufacturing, distribution.
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 29,610 55,987
Median Age: 32.32 36.12
Households: 9,601 20,133

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