Cultivation and Processing Mt. Morris Township **Land Contract Terms**

Industrial for Sale
Catylist Listing ID: 30786406
Property Subtypes: Free-Standing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 8,300 SF
Gross Land Area: 1.09 Acres
Sale Price: $895,000
Unit Price: $107.83 PSF
Ceiling: 16 ft. / 14 ft. Clear
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 8,300 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/11/2023

Overview / Comments

8,300 Square Foot Industrial Building. Approved for Cultivation and Processing of Recreational and Medical marijuana.

Building is Block and Steel, solid construction, white box condition, very clean!!

Power available for upgrade, ready for build out.

Experienced Cannabis Real Estate Seller agrees to work with the Municipality to approve the Buyer for a Marijuana License transfer prior to closing.

Forty minutes North of Pontiac on I-75, One-half mile from I-75 at Exit 122. One mile from Sky Mint, Jars, and Cookies retail locations on Pierson Road. One mile away from a marijuana transporter, and other licensed Marijuana Cultivators.

Back parking lot completely fenced in with Six foot chain link and Sixteen foot rolling gate in excellent condition. Fence is covered with black privacy screen. Can easily add security electronic gate operator.

Seller will epoxy floors or give a concession to finish.

Land Contract Terms $400,000 Down Payment!!

Additional Details

Nearest MSA: Flint
County: Genesee
Taxing Authority: Mt. Morris Township
Tax ID/APN: 14-27-576-334
Highway Access: I-75 at Exit 122
Airports: Flint Bishop International Airport
Site Description: Chain link Fenced in Back of the building with black privacy screen and rolling gate entrance.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,300 SF
Property Condition: Excellent
Year Built: 1967
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Exterior Description: Block and Steel, roof is White TPO in good condition, Two coats of Outdoor enamel on all walls.
Parking Type: Surface
Parking Description: Sealed and Striped good condition
Total Parking Spaces: 24
Eave Height: 16
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 400
X-Phase: 3
Heat Type: Suspended Radiant Heaters
Air Conditioning: Package Unit
Lighting: LED
Interior Description: Remodeled in December of 2021. LED lights throughout, Industrial enamel, 2-new 36" commercial steel doors, 1-heavy duty Commercial Double door with a steel gate, 1-heavy duty Commercial steel door with a steel gate. Many locations to add overhead doors.
Zoning Description: C-2 Commercial
Lot Frontage: 323
Lot Depth: 148
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 1 THRU 4 & 23 THRU 26 & E 1/2 LOT 22 BLK 6 MAYFAIR NO 1 (22) COMBINED ON 2/1/2022 FROM 14-27-576-073, 14-27-576-074, 14-27-576-085

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,227 73,567 154,621
Median Age: 35.96 35.54 36.18
Households: 4,677 28,480 61,586
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