2495 Progress Dr Redding, CA 96001-3248
This exceptional 7,750 square foot warehouse in Redding, CA, presents a rare opportunity to acquire a fully city and state-approved cannabis cultivation facility. The property is located at 2495 Progress Drive and boasts pre-approved plans, contractor bids, and established key contacts, streamlining the transition to operational status. Significant groundwork has already been completed, including the installation of DPS-paneled rooms and comprehensive electrical upgrades. These upgrades encompass a new switchgear box and electrical panels, representing substantial cost and time savings for the new owner. The property's existing infrastructure significantly reduces the hurdles typically associated with establishing a cultivation operation. Beyond its immediate suitability for cannabis cultivation, this property offers compelling investment potential. Its adaptable design and established infrastructure make it an attractive option for lease, promising a consistent stream of rental income. The property sits on a 0-acre lot and is priced at $1,150,000. This turnkey solution presents a unique opportunity for both experienced cultivators and savvy investors seeking a high-return asset in a thriving market. The property's pre-approved status and completed infrastructure minimize risk and accelerate the path to profitability.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.