Current Use by Public Records
- Cortez Municipal Court / City Courthouse
- Cortez Water Billing / Water Utility Company
- Four Corners Printing / (Bike/Boat/Book/etc) Store / Printing Service
- Cortez City Hall / City Government Office
- Cortez City Manager / City Government Office
Property Details for 123 Roger Smith Ave
- Property type
- Commercial real estate
Description
Exceptional opportunity to acquire a thriving cannabis business located in Cortez, Colorado. This turnkey operation boasts impressive financials, generating $2.1 million in gross revenue in 2023. The property encompasses three buildings totaling 20,000 square feet on a 6.7-acre parcel. Building 1 features 1,000 square feet of retail space and 8,820 square feet dedicated to cultivation and processing. Building 2 provides an additional 6,580 square feet of cultivation space. The facility is equipped with state-of-the-art infrastructure, including new LED lighting, new HVAC systems, and automated watering and feeding systems. The business includes a Tier II cultivation license (1,800-3,600 plants) allowing for the growth and harvest of marijuana for sale to manufacturers and dispensaries, and a retail marijuana store license permitting the sale of various cannabis products to individuals 21 years and older, including delivery options. The asking price for this established business is $749,000, with seller financing available. The real estate is also available for purchase separately at $2 million. This presents a unique opportunity to acquire a profitable, established business with significant growth potential in a rapidly expanding market. A non-disclosure agreement and proof of financials are required before further details are released.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cortez
- County
- Montezuma
- State
- Colorado
- Longitude
- -108.57
- Latitude
- 37.3504
