$8,000,000

7710 Cougar Ridge Way

Unincorporated CA, 93454

Description

This is an amazing opportunity to purchase a 120+ acre cannabis farm located in beautiful San Luis Obispo County. The Cougar Ridge Farm consists of three forty-acre parcels located in the premier Central Coast microclimate. Parcels 048-151-043 and 048-151-044 have residential structures. The 2-bedroom home on parcel 048-151-043 has had a major remodel and is approximately 2,500 square feet, with a detached 1,200 square foot garage. The 2-bedroom house on parcel 048-151-044 is approximately 1,800 square foot with a 235 square foot barn. Parcel 048-151-037 does not have any permanent structures. SLO County places limits on the size of cultivation operations allowed based on zoning location. For the area encompassing Cougar Ridge, regulations prohibit cultivation on parcels/farms of less than 50 acres. For parcels/farms 50 acres or larger, San Luis Obispo allows one-acre of outdoor cultivation, and an additional one-half acre of indoor cultivation. The three Cougar Ridge parcels comprising 120 acres meet this threshold, and the farm qualifies for a cultivation size of one-acre of outdoor cultivation, and an additional one-half acre of indoor cultivation (approximately 65,000 square feet of canopy). Potentially, a lot line adjustment would allow the property to be licensed at double the above cultivation threshold, for a total of two-acres of outdoor cultivation and one acre of indoor cultivation, or approximately 135,000 square feet of total cultivation canopy.

Details

MLS#PI20211063
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year2005
Days On Site186

Features

SQ Feet5,500
ZoningAG

Market Activity 93454

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Area Information
StateCA
CountySan Luis Obispo
CityUnincorporated
Zip Code93454
Area699 - Not Defined
Listing VS Median (in 93454)
Price:
$8,000,000
low | high
Med:
$499,900
100% of Average
SqFt:
5,500
low | high
Med:
1,702
100% of Average
$ / SqFt:
$1,455
low | high
Med:
$294
100% of Average
On Site:
186
low | high
Med:
2
100% of Average
Sourced by Back At You
Listing Updated: December 14, 2020 2:38:20 AM PST
Jason Hart LogoMLS Number: PI20211063
Listing Provided By:
Jason Hart  of  Hart Commercial Real Estate
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.