Current Use by Public Records
- Commercial real estate
Property Details for 0 0001
- Property type
- Commercial real estate
Description
This turnkey marijuana cultivation operation in Morenci, Michigan, presents a lucrative investment opportunity. The business occupies a 12,000-square-foot leased facility featuring eight growing rooms. Currently generating $1.3 million to $1.6 million in annual revenue with a net cash flow of $500,000, this established operation boasts a strong track record. Monthly rent is $20,000. The business employs ten individuals, indicating a well-structured and efficient operation. Financial details, including EBITDA, FF&E, and inventory, are not currently available. The asking price for this profitable venture is $1,700,000. The lease expiration date is not specified. This is a rare chance to acquire a fully operational and profitable cannabis cultivation business with significant growth potential. Located in Morenci, Lenawee County, Michigan (zip code 49256), this property offers a strategic location within the state's thriving cannabis industry. Serious inquiries only. Further details are available upon request.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morenci
- County
- Lenawee
- State
- Michigan
- Longitude
- -84.2179
- Latitude
- 41.7194
