East Coast Cannabis Industry
For Sale
$36,000,000
975 Kelly Rd., Cumberland, MD 21502
Fully leased industrial building with cannabis tenant and expansion potential.
Property SizeContact for details
Days on Market273
Property Features for 975 Kelly Rd.
General Information
Standard status
Active
Listing Agency:
Douglas Commercial
(301) 655-8253
Listed By:
Scott Douglas · License #580592
Source:
Douglascommercial
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: May 11 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Commercial
Investment Insights
Based on property information with market context.
This unique sale/leaseback opportunity allows entry into the cannabis industry and industrial real estate market. The tenant will enter into a 20-year lease at escrow with six 5-year options. Grow West is located in Cumberland, Maryland, in close proximity to Pennsylvania, West Virginia, Washington DC, and Virginia state lines. This location allows for rapid market share increase by enabling interstate access once cannabis is recreationally legalized. The Maryland market is a limited license medical cannabis market with long-term growth potential. The property features a fully leased 208,645 square foot industrial building. The tenant has the potential to expand to an additional 61,000 square feet. This is an opportunity for accelerated depreciation as one of the largest cannabis growers on the East Coast.
Key Highlights
- 20‑year lease in place with six 5‑year options, providing long‑term income.
- Fully leased 208,645 sf industrial building.
- Opportunity to enter the Cannabis Industry and Industrial Real Estate market.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Fully leased industrial building with cannabis tenant and expansion potential.
Where is this manufacturing property located?
The property is located at 975 Kelly Rd. Cumberland, MD.
What is the asking price?
The asking price for this property is $36,000,000.
What are key features of this property?
This property features: 20‑year lease in place with six 5‑year options, providing long‑term income.; Fully leased 208,645 sf industrial building.; Opportunity to enter the Cannabis Industry and Industrial Real Estate market.
