For Sale
$7,600,000

0 Grn AveColusa, CA 95932

Prime CA Cannabis Land, Approved Project

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents four remaining parcels (Phase 3) of a large-scale cannabis development project in Colusa, CA. Located on Will S Green Ave, 95932, this project boasts a total of approximately 800,000 square feet of approved building space, with each parcel offering roughly 200,000 square feet. The property consists of industrial land totaling between 6.24 and 7.49 acres per parcel (APN: 017-020-026-000). The development agreement, approved for 40 years, includes a fixed annual fee of $250,000 per parcel, representing one of the lowest cannabis tax rates in California. This significantly reduces financial risk and maximizes profitability. The project benefits from a maximum power kilowatt rate of $0.20/kilowatt and automatically renewable regulatory permits. The development agreement is fully assignable, providing flexibility for future transactions. Phases 1 and 2 are underway, providing a significant advantage to a buyer completing Phase 3. The asking price is $7,600,000, with individual parcel pricing as follows: Parcel 1 & 4: $2,000,000 each

Highlights

  • Each parcel approved for a ±200,000 SF building.
  • Fixed annual fee: $250,000 per parcel.
  • 40-year approved development agreement.
  • Maximum power rate: $0.20/kilowatt.
  • Regulatory permits automatically renew.
  • Fully assignable development agreement.

Property Details for 0 Grn Ave

Property type
Life science properties, Land
Lot Size (sq. ft)
271,814 SF

Location Insight

City
Colusa
County
Colusa
State
California
Latitude
39.1878247
Longitude
-122.0227202
Grn Ave, Colusa, California

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0 Grn Ave
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