Listing Agent: Charles Allen      Broker/Office: KW Thrive Santa Cruz
23820 Potter Road Salinas CA 93908
$ 8,950,000
  5   |    4   |    5591 Sq Feet

Listing ID

#ML82049541

Status

Active

Property Type

Farm

Property Style

Ranch

County

Monterey

Year Built

1985

Lot Size

11

Days on website

2

Description
Riverview Farms is a 22.3-acre, two-parcel cannabis cultivation property in Monterey County's agricultural corridor. The facility comprises over 483,000 square feet of greenhouse, approximately 15,700 square feet of processing and distribution infrastructure, and two single-family residences, totaling 504,000 square feet of building coverage. Each parcel is independently served by its own agricultural well, water storage, processing center, and residence. The operation is a fully integrated closed-loop system. Genetics are developed, propagated, cultivated, harvested, dried, trimmed, and packaged entirely on site. Soil-based cultivation using steamed and recycled substrate substrate, automated fertigation and climate control, and five harvest rotations per year produce a continuous supply of finished flower currently sold out at market. Both parcels are equipped with 1,000+ amp electrical service, natural gas distribution to all greenhouses, fire suppression infrastructure, underground conduit for supplemental lighting, and 24-hour security with perimeter fencing and camera coverage. The facility carries 39 active cannabis licenses across both parcels. An experienced operations team is in place and prepared to stay on through a transition.
Location
Financial Information
List Price:  $ 8950000
Property Features
High School District:  Other
Roof:  Metal, Other, Tile
Water Source:  Well
High School District:  Other
MLS Area Major:  699 - Not Defined
City:  Salinas
Listed By:   Charles Allen   KW Thrive Santa Cruz 
CA Lic#