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.

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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
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


Photograph of Listing Agent

Jason M. Kelmigian

Signature Associates
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