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Listed by Michael J Warm • Warmstone Advisors
$ 8,950,000
Est. payment | /mo
5 Beds
4 Baths
500,000 SqFt
$ 8,950,000
Est. payment | /mo
5 Beds
4 Baths
500,000 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 500,000 sqft
Price per Sqft $17
MLS Listing ID 326045912
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1985
Lot Size 22.850 Acres
Property Sub-Type Single Family Residence
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.
Location
State CA
County Monterey
Community No
Area Undeveloped Area
Rooms
Basement None
Interior
Heating None
Cooling None
Laundry Gas Hook-Up, Inside Area, Sink
Exterior
Parking Features Attached
Garage Spaces 10.0
Utilities Available Cable Available, Electric, Propane
Building
Story 2
Sewer Septic System
Water Well
Level or Stories 2
Others
Senior Community No
Special Listing Condition None
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Cara R. Cavanaugh
REALTOR® | Lic# 02053422