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Zoned Properties and RIPCO Present 1,000,000 Square Foot Cannabis Site Listing
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
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Rhea-AI Summary
Zoned Properties (OTCQB: ZDPY) has announced the public listing of a 1,000,000 square foot cannabis facility in Utica, New York. This facility, positioned on 60 acres, is available for sale or lease, featuring fully approved zoning and significant local support. The site is equipped with 20,000 amps of power and city water and sewer services, enabling quick-to-market operations. The company's advisory team is ready to assist potential cannabis operators, highlighting the property's strategic advantages in the rapidly growing cannabis industry.
Positive
Property offers 1,000,000+ sq ft capacity on 60 acres for cannabis operations.
Fully approved zoning with strong local support in Utica, enhancing development potential.
Equipped with essential infrastructure, including 20,000 amps power and city water/sewer access.
Presence of an advisory team to assist operators with project-specific needs.
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Located in Utica, New York; Property comes with Fully Approved Zoning and Local Support
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Zoned Properties®, Inc. (the “Company”) (OTCQB: ZDPY), a leading real estate development firm for emerging and highly regulated industries including legalized cannabis, today announced the public listing for a 1,000,000 square foot cannabis facility in Utica, New York with its brokerage partner, RIPCO.
Property Highlights & Opportunity
1,000,000+/- square feet capacity of greenhouse and warehouse facilities across 60+/- acres
Property available for sale or lease transactions
National Grid power access with existing 20,000 amps service on site
City Water and Sewer serving the entire property
Fully approved zoning with strong support from the City of Utica
Capability for quick-to-market operations with significant growth upside
Advisory team available to assist interested operators with cannabis-specific project items
“This cannabis approved property plus our experienced real estate project team behind it, creates a cannabis operator's ideal situation. After nearly a decade of Zoned Properties working on commercial real estate projects specifically in the regulated cannabis industry, it is extremely rare to find a site as well positioned as this Utica property,” said Patrick Moroney, Director of Real Estate for Zoned Properties. “In this case, we have a property owner, brokerage team, and advisory team all included in the transaction brain trust to support a buyer or tenant operator with cannabis-specific expertise.”
“RIPCO is excited to serve as the brokerage bringing this property to market. As the cannabis industry is expanding on the East Coast, we are confident that this listing will bring unique value to the area,” said Colby Piper, cannabis real estate specialist at RIPCO. “This large facility will meet the needs of an investor or buyer looking to operate a quick-to-market cannabis operation with the opportunity for significant growth.”
Zoned Properties is a leading real estate development firm for emerging and highly regulated industries, including regulated cannabis. The company is redefining the approach to commercial real estate investment through its integrated growth services.
Headquartered in Scottsdale, Arizona, Zoned Properties has developed a full spectrum of integrated growth services to support its real estate development model; the Company’s Property Technology, Advisory Services, Commercial Brokerage, and Investment Portfolio collectively cross-pollinate within the model to drive project value associated with complex real estate projects. With national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries.
Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. For more information, call 877-360-8839 or visit www.ZonedProperties.com.
Ripco Real Estate, founded in 1991, is the premier retail brokerage firm in the New York metropolitan area with services including leasing, investment sales, property management and debt and structured finance. The firm has leased millions of square feet of retail space on behalf of major landlords and developers, as well as nationally and internationally renowned retailers. Ripco prides itself on local market expertise with a national reach and employs over 100 real estate professionals across offices in New York City, Brooklyn, Queens, New Jersey, Connecticut, Long Island, Miami and Tampa. For more information, visit www.ripcony.com.
Safe Harbor Statement
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
What is the significance of the Utica property listing by Zoned Properties (ZDPY)?
The Utica property listing is significant as it provides a large, fully-zoned cannabis facility that meets the operational needs of cannabis businesses, positioned for growth in a regulated market.
When was the Utica cannabis facility listed for sale or lease by Zoned Properties (ZDPY)?
Zoned Properties announced the public listing of the Utica cannabis facility on June 15, 2022.
How does the Utica property listing impact Zoned Properties (ZDPY) investors?
The Utica property listing could provide investors with potential for increased revenue through the growing cannabis market, as the facility is well-equipped and strategically located.
What facilities are included in the Utica cannabis property by Zoned Properties (ZDPY)?
The Utica cannabis property includes over 1,000,000 square feet of greenhouse and warehouse facilities across approximately 60 acres.
What utilities are available for the Utica cannabis facility listed by Zoned Properties (ZDPY)?
The Utica cannabis facility has access to city water and sewer services, as well as existing power service of 20,000 amps on-site.
