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7710 Cougar Ridge Unincorporated, CA

$6,000,000

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Property Description

This is an amazing opportunity to purchase a 120+ acre cannabis farm with a CUP 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.

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Property Information

  • Address: 7710 Cougar Ridge, Unincorporated, CA 93454. 
  • Price: $6,000,000 
  • MLS #: PI21025973 
  • Year Built: 2005 
  • Listing Courtesy of: Hart Commercial Real Estate 
  • City: Unincorporated 
  • Postal Code: 93454 
  • County: San Luis Obispo 

Other

  • Description: This is an amazing opportunity to purchase a 120+ acre cannabis farm with a CUP 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. 
  • List Date: February 8, 2021 
  • Status: Active 
  • Directions: Contact Broker 

Other

  • Listing Agent State License: 01334694 
  • Listing Office State License: 01334694 

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Based on information from California Regional Multiple Listing Service, Inc. as of June 25th, 2021 at 06:53:53AM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.