300 Northwestern Avenue, Rio Dell, CA 95562 For Sale

Strands Realty Group is pleased to present 300 Northwestern Avenue, a rare value-add industrial opportunity in Rio Dell, Humboldt County. The subject property is a 14,400 SF, two-story steel and concrete facility (7,200 SF footprint per floor) anchoring a subdivisable 5.4-acre campus. Approximately 85% complete, the building is offered with the unique advantage of a seller who is a licensed general contractor and is willing to finish the interior to buyer specifications upon request. The property carries an approved Type 7 Conditional Use Permit for volatile cannabis manufacturing, and the site's IC (Industrial Commercial) zoning supports an equally broad range of non-cannabis industrial uses, providing maximum flexibility for operators and investors.

THE FACILITY. Two-story, 14,400 SF steel and concrete structure with 7,200 SF footprint per floor, approximately 85% complete. Stucco facade, structural steel framing, concrete foundation. High-voltage electrical switchgear and transformer pad installed, supporting demanding industrial and manufacturing power loads. Interior metal stud framing in place on both floors. Covered loading dock with roll-up door access, 50 paved parking stalls, completed storm drainage and site grading. Building height 36 feet. Type VB construction with mixed B and F-1 occupancy. Fire suppression pre-paid by seller and ready for installation.

TURN-KEY CUSTOM BUILD-OUT. Approximately $980,000 of remaining work brings the building to certificate of occupancy: interior drywall and finish, HVAC, plumbing fixtures, electrical distribution and finish wiring, flooring, paint, elevator (shaft is roughed in), and final inspections. The seller is a licensed general contractor and is willing to finish the interior to buyer specifications upon request, delivering a custom build-out tailored to the buyer's specific operating workflow. This is a meaningful differentiator from typical shell sales, where buyers must source and manage their own GC, design team, and finishing trades.

SUBDIVISABLE 5.4-ACRE CAMPUS. The subject building anchors a master-planned, three-building business park on 5.4 acres. The lot is subdivisable, with each proposed building already assigned its own separate address. The site plan accommodates retail uses (Building 1), industrial and manufacturing (Building 2), and the subject lab and extraction facility (Building 3). Buyers can develop the entire campus, repurpose adjacent parcels for general industrial use, build a vertically integrated operation, or subdivide and sell individual lots.

IC ZONING AND DUAL-USE FLEXIBILITY. Industrial Commercial zoning permits manufacturing, warehousing, distribution, processing, and laboratory operations alongside cannabis manufacturing, extraction, and distribution. The building's design and infrastructure are equally suited for food processing, cold storage, light manufacturing, distribution, or specialized laboratory work. No cannabis licensing is required for non-cannabis uses.

APPROVED CANNABIS ENTITLEMENTS. The property carries an approved Conditional Use Permit from the City of Rio Dell for Type 7 volatile cannabis manufacturing and extraction. Originally issued September 2018 to Humboldt Live Resin dba PK Farms. The CUP has lapsed but the City has stated they are more than willing to cooperate with a new owner on both building completion and CUP reinstatement. The property previously held California Cannabis Distributor License C11-0000978-LIC, issued to Emerald Counties Statewide LLC. New operators apply for fresh state licensing through the Department of Cannabis Control, which the existing CUP supports.

TAX ADVANTAGES. 100% first-year bonus depreciation on completion costs under the Big Beautiful Bill, creating immediate first-year tax savings for the buyer. With recent 280E reform, cannabis operators can now deduct ordinary business expenses for the first time, dramatically amplifying the value of these depreciation deductions. The existing shell and site improvements may further qualify for cost segregation analysis on short-lived components.

ENVIRONMENTAL CLEARED. Phase I and Phase II Environmental Site Assessments complete. Phase I conducted by Freshwater Environmental Services in February 2019. Two Recognized Environmental Conditions identified in the Phase I were fully cleared by the Phase II investigation, with all petroleum hydrocarbon concentrations measured below applicable environmental screening levels. Clean environmental profile with low overall risk.

MARKET OPPORTUNITY. Humboldt County industrial real estate remains undersupplied, particularly for purpose-built, code-compliant processing facilities. Most existing infrastructure in the region consists of retrofitted agricultural buildings, putting a fully engineered, ground-up facility like 300 Northwestern Avenue in a class of its own. The county also sits at the heart of California's Emerald Triangle, the most prolific cannabis-producing region in the United States, with Rio Dell among the state's most business-friendly municipalities for licensed operators. Direct corridor access via Highway 101.

Contact the listing team for the full Offering Memorandum, due diligence materials, environmental reports, and tour scheduling.