Excellent Investment Opportunity, property was previously leased to Cannabis Dispensary, which is the highest and best use, excellent location if you wish to transfer your Cannabis License to the subject property. Can also be used for medical office, and retail uses. Property is situated in a very high traffic location, excellent visibility, and exposure to busy intersection, close to Resort Hotels, Restaurants, Downtown shops, City Hall, Police, and City work centers. Priced below replacement costs. Lease option considered.
Property has Change of Zone from Mixed Use (MU) to Manufacturing Service Commercial (M-SC) as of September 2020. The property includes the Conditional Use Permit No. (CUP190061) which allows use for 10 of the existing commercial buildings and 5 modular office buildings as a Cannabis Cultivation, Manufacturing and Distribution facility. Other possible uses - Trade School, Correctional Facility, or Group Home. Property includes 10 buildings including - 1) Administration building @ 3,960sf, 2) Dormitory @ 26,910sf, 3) Vocational @ 3,000sf, 4) Aquatics Center @ 7,200sf, 5) Cafeteria & Dining Hall @ 10,300sf and 6) Gymnasium with classrooms @ 13,200sf. Seller would consider Lease Option and/or Purchase with possibility of Owner Carry.
