Fully Licensed and Operating Cannabis Dispensary

Retail-Commercial for Sale
Catylist Listing ID: 30528079
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $5,500,000
Unit Price: $916.67 PSF
Property Use Type: Investment, Business
Building Name: PSA Organica
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

6,000 sq. ft. fully licensed and operating cannabis dispensary on a 1.25 acre lot. This existing business is one of the most well known cannabis dispensaries in the city of Palm Springs. The property includes 6 of the original, and highly valuable, Palm Springs licenses. The large lot would allow for an expansion of the current operations or an ancillary use which could include: manufacturing, cultivation, distribution, lab/testing, etc. based on city approvals (buyer to verify). Excellent opportunity in a quickly closing cannabis landscape in the City of Palm Springs.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 508-132-011
Zoning: CM
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Visibility: Good
Largest Nearby Street: Highway 111
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 1989
Total Parking Spaces: 19
Parking Type: Surface
Zoning Description: CM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,216 29,822 82,769
Median Age: 52.47 51.59 42.99
Households: 4,859 15,558 34,504

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