19 Rd Plymouth, MA 02360

Property Details for 19 Rd

Lot size

1.58 lot acres

Property size

23,500 SF

Property type

Commercial real estate

Description

This exceptional 23,500-square-foot commercial property in Plymouth, Massachusetts, presents a unique investment opportunity in the thriving cannabis industry. Located on a 1.58-acre lot at 19 Richard's Rd, Plymouth, MA 02360, this two-story building boasts a prime location with excellent freeway access and a cul-de-sac setting. The property features three loading docks, one dock-high door, and a remarkable 18-foot clear height, ideal for cannabis cultivation and manufacturing. The building is currently vacant and in shell condition, having been meticulously maintained by the owner. It's equipped with substantial power, reportedly up to 2,400 amps (verification required by new owner/occupant). The property includes a Host Community Agreement (HCA), renewed in May 2024, and has received provisional state approval for cultivation and manufacturing. The HCA is considered standard and cannabis-friendly. The property's zoning is LI, and it offers approximately 0.86 parking spaces per 1,000 square feet. The asking price for the business is $250,000. While the building is currently vacant, lease options are available at $14 per square foot per year NNN ($1.17 per square foot per month). A purchase option for the real estate is also available at $3,600,000 ($153 per square foot). Plymouth's strong workforce and proximity to Boston (40 miles south) make this a compelling investment in a mature cannabis market. The property offers 10,000 square feet of cultivation canopy space, with the opportunity for custom design in collaboration with the City of Plymouth. A special permit is in progress and nearing completion.

Location Insight

City

Plymouth

County

Plymouth

State

Massachusetts

Longitude

-70.7076

Latitude

41.9579