PRICE REDUCTION: Premier Development Opportunity, Cultivation Zone, Adelanto
We’re excited to announce a price reduction on 30.1 acres located in Adelanto’s Cannabis Cultivation Zone. This land, which is perhaps the premier development opportunity in the Cultivation Zone, originally listed for just over $6.5 million. The seller is interested in disposing of the property though and today we are reducing the price to $5,117,000 ($170,000/acre).
Buyers interested in any of the 10 acre parcels included in this listing can also acquire just a part of the property.
At $5,117,000 the price is supported by sales of properties with similar access to infrastructure such as sewer, water, and paved roads.
While Adelanto’s cultivation zone covers a large land area, most of that land has almost no access to wet utilities and would cost millions of dollars in offsite costs before any vertical construction could even take place.
This property has an excellent marketing window on Rancho Road, which should be an asset for future building sales or leasing activity.
For more information on this deal or other land opportunities, contact contact John Reeder at 909-989-8590, or email to email@example.com.