Detroit Pot Lot

Industrial for Sale
Catylist Listing ID: 30597121
Property Subtypes: Free-Standing
Building Size (RSF): 20,000 SF
Gross Land Area: 0.76 Acres
Sale Price: $1,600,000
Unit Price: $80 PSF
Ceiling: 14 ft. / 20 ft. Clear
Docks/Doors: 1 Dock, 1 Door
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Detroit Pot Lot
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

Existing vacant 1-story industrial building for sale. Sellers have vast experience in the cannabis industry and are willing to provide assistance throughout the length of the transaction. Tremendous opportunity to save years-worth of time and due diligence as this building comes with blueprints to build-out a state-of-the-art cannabis facility. The property will come with 2 Class C medical grow licenses and 1 processing license.

Building needs a new roof and there is currently no power.

* Due to COVID-19, showings are currently limited. Visit property website at
Detroitpotlot.com for drone video. Please fill out and submit the confidentiality
agreement in order to access to the full marketing package online. Contact brokers with any questions.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $11,520 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 15003333-4
Zoning: INDUSTRIAL, M-4
Property Located Between: Mt. Elliott St.
Year Built: 1956
Overhead Cranes: Undisclosed
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,762 175,366 484,543
Median Age: 32.67 32.91 34.94
Households: 4,587 60,237 184,698

Contact

Photograph of Listing Agent

Jason M. Kelmigian

Signature Associates
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