501 S Cherry St Denver, CO 80246

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Listed by Bart Boranian Allen · License #CO 100085689

Source Crexi

Added: Apr 12 Updated: Jul 20 at 5:04PM Checked: Jul 20 at 5:04PM

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Investment Insights

Based on property information with market context.

A cannabis cultivation property in Northeast Denver offered with Medical Class 2 (1500 plants) and Recreational Tier 1 (1800 plants) cultivation licenses, with a tier increase application pending with MED for the Recreational Tier 1 license. The facility is approximately 13,000 SF and features a two-story layout.

The asking price is $750k for the combined licenses. The landlord is also willing to sell the property separately for $2.4M. Current rent is $20,000/month, and any buyer would need to negotiate a sale or new lease directly with the landlord.

All equipment is included, though most of it is outdated. Newer HVAC has recently been installed. The offering is positioned as an operating cultivation site with licenses included, and dispensary and MIPS licenses are available separately or as a complete package.

Key Highlights

• Northeast Denver two‑story cultivation facility (~13,000 SF) offered with Medical Class 2 and Recreational Tier 1 licenses
• Medical Class 2 license includes 1,500 plants (asking $750k)
• Recreational Tier 1 license includes 1,800 plants; tier increase application with MED is pending

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FAQs

What type of property is this?

Cannabis property - Two-story cultivation facility offered with Medical Class 2 and Recreational Tier 1 licenses for expanded plant capacity.

Where is this cannabis property located?

The property is located at 501 S Cherry St Denver, CO.

What are key features of this property?

This property features: Northeast Denver two‑story cultivation facility (~13,000 SF) offered with Medical Class 2 and Recreational Tier 1 licenses; Medical Class 2 license includes 1,500 plants (asking $750k); Recreational Tier 1 license includes 1,800 plants; tier increase application with MED is pending