Nearly Turnkey Outdoor and Indoor Saginaw Cannabis Grow
1711 BANNER RD SAGINAW MI 48601
$499,999
Status: For Sale
Sale Price: $499,999
Building Sq Ft: 6,500 sq. ft.
Lot Size (acres): 16 acres
Location: SAGINAW, MI
Use: Cultivation
Investment Highlights
$499,000 For Purchase
16 Acre Outdoor Grow
6500 Sq/ft Indoor Grow
Nearly Turnkey for Both
Seller Financing Available
Marketing Description
Here is your chance to purchase this nearly turnkey outdoor grow (16 acres) and indoor grow (6500) sq/ft. The outdoor grow has operated in the past and has utilized approximately 11 of the 16 acres. The previous tenants were able to fit anywhere between 6000-8000 total plants. It was a fully state licensed grow so it is fenced in and under surveillance.
The Indoor grow is ~6500 Sq/ft and nearly ready to operate. While the grow never operated it is nearly ready to start it's first crop, only needing a couple of finishing touches and lights. This property offers a rare opportunity to be able to grow mass quantities of outdoor cannabis as well as high quality indoor cannabis.
There are a few key improvements to the property that will be necessary. The land needs to add a new septic field which will cost the new owner approximately $75,000. The local municipality is willing to work with the new owner on when the new septic field needs to be completed, and it does not appear that it will hold up their ability to have a crop this season.
With the recent news that medical cannabis facilities are officially rescheduled and recreational facilities are scheduled to be rescheduled this June will finally eliminate the onerous 280E tax. The owner of the real estate is flexible on the terms of the sale. They are open to selling the property (cash or seller financing), or leasing the property on a long term lease for the right tenant. The purchase price is $499,000.00.
If you have any questions regarding the property or want to tour the facility please get ahold of Elijah Simkins via email: Elijah@mcpbrokerage.com or phone: (313) 354-6884
