930 Wellman Dr Brookhaven, MS 39601
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 930 Wellman Dr
- Year built
- 2022
- Lot size
- 1.25 lot acres
- Property size
- 9,520 SF
- Property type
- Commercial real estate
Description
This turnkey medical cannabis cultivation facility in Brookhaven, Mississippi, presents a unique investment opportunity. The property encompasses 1.25 acres with a 0.75-acre easement, featuring five buildings totaling 9,520 square feet of cultivation space. The main greenhouse measures 72x110 feet (7,920 sq ft), complemented by a nursery, trim and drying building, worker housing (unfinished), and storage building. The property boasts state-of-the-art equipment valued at $535,000, including grow tables and lights. Built in 2022 and renovated in 2023, this facility is currently 100% occupied and operational, with an ideal growing season from September to May. The unique design allows for year-round production potential by cultivating AC/DC hemp during the summer months. The asking price is $1,550,000, representing a significant value considering the building value of $1 million and the high demand for cannabis cultivation facilities in Mississippi, especially given the limited number of licenses available. This is one of only three licensed greenhouse operations in the state, with the state unlikely to issue further licenses for similarly designed facilities. The property's address is 930 Wellman Dr SE, Brookhaven, MS 39601, with APN 96-3-07-017. The sale is a fee simple ownership.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brookhaven
- County
- Lincoln
- State
- Mississippi
- Longitude
- -90.3404
- Latitude
- 31.4995
