19581 Ave 344 Woodlake, CA 93286-9608
This exceptional 3.55-acre corner lot in Woodlake, CA, presents a unique investment opportunity within the thriving cannabis industry. Located at 19581 Avenue 344, the property boasts high visibility due to its prime corner location on a busy thoroughfare. The existing 1,000 square foot structure, previously utilized as a cold storage and fruit packing facility, offers immediate potential for various uses. Its history as a sorting and storage space makes it adaptable to a range of industrial applications. The property's zoning allows for mixed light industrial uses, as well as cannabis-related activities including manufacturing, distribution, delivery, and extraction. In addition to the main structure, a manufactured home is situated on the property. The primary value lies in the expansive land itself, offering significant development potential for businesses seeking a strategic location within the burgeoning cannabis sector of Woodlake. The property's versatility and strategic location make it an attractive investment for entrepreneurs and developers alike. The asking price is $575,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.