Posted on April 23, 2022 / 60Listing ID: 388666APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $5,249,000
Status : ACTIVE
Size : 3213
Lot Size (Acres) : 0.31000918
APN : 003-053-002
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Medical & Recreational
Utilities : Water, Electricity, Gas, Sewer
Company Name : Jennifer Peschken
Phone : 707-293-8009

Prime commercial property with double parcel lot, generating steady income heralds one of the BEST Dispensary locations in Napa. Attached to the dispensary building, is a 1 BR/1.5BA 2-story residence. The property also offers rare and unique commercial kitchen development opportunity! Leave it as-is or create an amazing commercial kitchen for additional revenue generation; separate structure is plumbed, drained and ready to go for this purpose. Municipal services connected for both sewer and water. 6.76% projected CAP rate after rent increase 1/1/2024, per lease agreement. Sale Includes 1961 Iroquois Street. Tenants have cannabis licenses approved by City of Napa. A rare chance to own one of the few buildings with tenants that have been approved for a cannabis dispensary with adult/recreational, plus medicinal use. Fully leased investment with a high rental income. Don’t miss this golden opportunity.

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Contact Listing Owner
Cannabis & Hemp Banking
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