Industrial Building in Cannabis Cultivation Area

Retail-Commercial for Sale
Catylist Listing ID: 30376825
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Building Size (RSF): 6,300 SF
Gross Building Area: See Agent
Gross Land Area: 0.46 Acres
Sale Price: $2,300,000
Unit Price: $365.08 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 6,300 SF
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 3/7/2019

Overview / Comments

Great opportunity to own industrial/commercial space in the North Palm Springs manufacturing zone. This 6,300 sq. ft. building has 30' ceilings and estimates to build a second story mezzanine, expanding its current size to over 12,000 sq. ft.

In addition to an abundance of space, this property is ideal for cannabis cultivation and has a retail use license from the City of Palm Springs and a California State delivery license.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 666-392-004
Zoning: MANUFACTURING M-2
Highway Access: Less than .5 mile to the I-10 Freeway
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 2015
Total Parking Spaces: 23

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,876 15,855 59,896
Median Age: 41.9 36.42 36.39
Households: 1,875 5,512 21,887

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