Real Estate

Described as a “turnkey cannabis operation,” sellers estimate the 19.5-acre site can churn out more than two tons of marijuana per year.

Posted Fri, May 17, 2024 at 5:44 pm PT|Updated Fri, May 17, 2024 at 5:46 pm PT

A large marijuana-growing operation on California’s Central Coast hit the auction market this month. (Shutterstock/scottshoots)

WATSONVILLE, CA — A rare opportunity hit the real estate market in NorCal in the form of a full-fledged marijuana operation up for auction this month in Santa Cruz County.

Situated in the heart of the Central Coast, the 19.5-acre parcel outside Watsonville has over a dozen bays for cultivating and harvesting cannabis and more than 200,000 square feet of greenhouse space. Blackwell Auction estimates licensed growers can produce more than 4,500 pounds of trimmed flower annually.

Other perks include processing and drying rooms, automated fans and shades, two wells, irrigation and mixing tanks, and live security cameras placed around the premises. In a listing for the property, brokers highlighted some of the unique characteristics at 650 Buena Vista Drive.

“The nearly level topography allows the entire usable site to be put to productive use,” the listing reads. “The property’s massive scale and top-notch improvements make it an ideal purchase for cannabis and agriculture entrepreneurs and investors alike.”

Bidding got underway May 1 with a starting price of $3.5 million, and the auction is set to conclude Saturday morning.

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 Described as a “turnkey cannabis operation,” sellers estimate the 19.5-acre site can churn out more than two tons of marijuana per year.  Read More  

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