23820 Potter Rd, Salinas, CA 93908

$8,950,000
5
BD
4
BA
500,000
SqFt

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List Price
$8,950,000
Status
ACTIVE
MLS#
326045912
Year Built
1985
Property Type
Single Family Residence
Bedrooms
5
Bathrooms
4
Full Baths
4
Living Area
500,000
Lot Size
995,346
Acres
22.85
County
Monterey
Region
Undeveloped area

Property Description

Riverview Farms is a 22.3-acre, two-parcel cannabis cultivation propery in Monterey County's agricultural corridor. The facility comprises over 483,000 square feet of greenhouse, approximately 15,700 square feet of processing and distribution infrastructure, and two single-family residences, totaling 504,000 square feet of building coverage. Each parcel is independently served by its own agricultural well, water storage, processing center, and residence. The operation is a fully integrated closed-loop system. Genetics are developed, propagated, cultivated, harvested, dried, trimmed, and packaged entirely on site. Soil-based cultivation using steamed and recycled substrate substrate, automated fertigation and climate control, and five harvest rotations per year produce a continuous supply of finished flower currently sold out at market. Both parcels are equipped with 1,000+ amp electrical service, natural gas distribution to all greenhouses, fire suppression infrastructure, underground conduit for supplemental lighting, and 24-hour security with perimeter fencing and camera coverage. The facility carries 39 active cannabis licenses across both parcels. An experienced operations team is in place and prepared to stay on through a transition, with in-house sales maintaining a consistent wholesale pipeline. Riverview Farms is one of the last surviving greenhouse cannabis operations of its scale in Monterey County. Turn-key facility, active licenses, proven infrastructure, and a team that knows how to operate successfully.

Additional Information

Stories
2
Garage Spaces
2
Basement
None
Heating
None
Cooling
None
Lot Description
Greenbelt, Secluded
Possession
Close Of Escrow
Utilities
Cable Available, Electricity Available

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Listing courtesy of Michael J Warm from Warmstone Advisors

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