Pre-Operational Storefront Retail Property for Sale with Optional Distribution & Manufacturing

Listing ID:

Pre-Operational Storefront Retail Property for Sale with Optional Distribution & Manufacturing

Available
$3,299,000
Listing Type Pre-approved Property
License Type

About This Opportunity

Be operational with a single or multi-license cannabis business generating $4-$12 million annually in 6 months. This property is pre-approved by the City and was previously occupied by a licensed cannabis storefront retailer who completed the storefront buildout, but walked away from the project before operating. There are multiple possible uses with fantastic visibility. The lot size – 33,541 square feet per Assessor, can be used for the following cannabis activities: Type 10 Storefront and Type 9 Delivery Retail, Type 11 Distribution, Type N & P Manufacturing. Use the whole building or divide into separate units. Stand-alone property.

25 regular Parking Spaces and 4 Handicapped Parking Spaces. Parking in front, back and north side of building. Two parking spaces (included in the above numbers) have electric vehicle chargers. The building is approximately 1/3 retail and office space and 2/3 “clean” rooms (epoxy floors and mold resistant walls). Loading area includes two overhead doors and parking bays.

Details for This Opportunity

Insights

Price$3,299,000
Valid UntilJune 1, 2022
Listing TypePre-approved Property
% Available100%
License TypeDispensary with delivery, distribution, and Types N & P manufacturing
License StatusActive
Progress/Time Saved1.5 years
Operation StatusPre-Operational
LocationPalm Springs
Facility 8,000 s.f. w/ 3000 s.f. of office space
Property IncludedYes
Rent
Financing Possible Seller Financing

Completion & Timeline Score

Access to greenzone propery 100%
Local cannabis permissions granted 100%
Local building permits received 100%
State license 0%
Buildout (COO) 90%
Operational 78%

Contact

Chris Cox
916-758-8471
ccox@begreenlegal.com

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