Attention investors! Income-producing, 10.31 acre property is rural and secluded. Current tenant is a licensed cannabis producer/processor, renting at $5,500 per monthly, lease in effect until 2022 with the option to renew. Cap rate 9.48%, cash-on-cash return 19.67%. This residential property has a Conditional Use Permit w/potential to expand & create additional I-502 producer/processor sites. Build greenhouses? Another possibility is a Rural Cluster Subdivision. Buyer to verify all information.
Listing courtesy of NWMLS / CENTURY 21 Real Estate Center
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