818 S Derby St
Arvin, CA 93203

32,000sf Warehouse House and Cold Storage on 1.26 acres Zoned M2. Former USDA food processing facility with existing cold storage rooms, heavy air conditioning, high ceilings and heavy power (2500a 3 phase power at 480v). 20' ceiling height. City water to the property, sewer at the fence line. Also includes finished basement not included in assessed square footage. City of Arvin has adopted an ordinance allowing indoor medical marijuana cultivation, manufacturing and greenhouse cultivation as well (buyer to verify use and zoning). The majority of the properties in Arvin that are zoned appropriately for cannabis use are raw, vacant land, this is one of the few that has existing structures and is definitely the premier building in Arvin for the use. This property is located in a "Federal Opportunity Zone" meaning that there are significant tax benefits for a buyer who purchases this property! Take a look at this link to find out more information on this new program https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions Proposed fee structure from the city is as such: Nursery/Cultivation $6 per square foot under canopy with 100% artificial light $4 per square foot under canopy with mixed light Testing – 2% of gross receipts Manufacturing – 6% of gross receipts for the first $2,500,000 3.75% for the next $7,500,000 2.80% for anything above that Distribution – 2% Retail delivery (non store-front) 3.75%