$3,900,000

266 E Pagosa Street Dispensary & 765 Industrial Circle (grow Fa

Pagosa Springs CO, 81147

Description

RARE OPPORTUNITY to enter the marijuana business, with a 18% return, right here in Southwest Colorado. The purchase price will include the businesses of the marijuana dispensary and indoor cultivation center (including licensing), plus the real estate of both locations! Imagine spending your days out with views of the San Juan Mountains, or bordering the San Juan River. Its possible, as this opportunity consists of a total of 1.4 acres between the 2 propertiesOne downtown and one just off Piedra road. The dispensary, located on the east side of downtown Pagosa Springs, on Main Street, boasts over half an acre backing up to the San Juan river allowing for significant expansion. There is so much room for growth, that you can construct and develop additional structures without interrupting your retail business operations. The current structure, on this lot, totals 437 sq feet. Dont let its size fool you, though small, this location pulls in a significant amount of business. With a great location to downtown, this is an easy stop for those coming in and out of town heading toward Wolf Creek Pass or down Highway 84. The cultivation center, located on .86 acres, is located out by the airport and holds a tier 1 license for 1800 plants. An application can be submitted to further this level if a need is shown; however, this cultivation center provides 100% of their bud and bud-based products. Archuleta County does require that 70% must come from within the county, so this combined opportunity is a great way to stay efficient. The current metal building structure built in 2016 has two floors, with three grow rooms, a drying room, and various work areas / offices. The building has an advanced security system with over 40 HD and infrared cameras. Current grower is able to yield about 2.5 lbs per light. Purchase will include inventory and fixtures including over 80 grow lights (HPS, MH, and LEDs), integrated nutrient tanks, CO2 air feed, industrial air conditions, etc. The electric system boasts an 800 amp, 480 volt phase 3 meter panel and wiring system. The existing building and parking take up less than a third of the lot allowing for additional buildings or greenhouses. Please call for further specifics and inventory. This is an amazing opportunity to own your own business and real estate, in the beautiful San Juan mountains, while making a 18% return.

Details

MLS#772958
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year2016
Days On Site123

Features

SQ Feet4,797
Story(s)2
Units2
ZoningCommercial

Market Activity 81147

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Area Information
StateCO
CountyArchuleta
CityPagosa Springs
Zip Code81147
AreaPS01 (Old Pagosa Springs)
Listing VS Median (in 81147)
Price:
$3,900,000
low | high
Med:
$179,500
100% of Average
SqFt:
4,797
low | high
Med:
0
100% of Average
$ / SqFt:
$813
low | high
Med:
$0
100% of Average
On Site:
123
low | high
Med:
429
28.671328671329% of Average
Listing Updated: December 4, 2020 8:07:56 PM PST
Nickolas Johnson LogoMLS Number: 772958
Listing Provided By:
Nickolas Johnson  of  EXIT Realty Home Ranch

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