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Palm Springs Downtown Retail / Office building, Current Cannibis Dispensary & Lounge

353 South Palm Canyon Drive, Palm Springs, CA, USA
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  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale

Listing ID : 865860

Listed On December 2, 2024 View Count 9

Listing Updated December 4, 2024

Price :
$3,250,000
Cap Rate:
6%
Business Overview :
License Details :
Business Location Details :
Cannabis or Hemp Use:
Cannabis Only
Number of Parking Spaces:
12
Size:
6,561 Sq. Ft.
Utilities:
Electricity, City Water, Sewer, Garbage, Natural Gas
Terms :
Financing:
Cash, Owner Financing
Broker Co-Op:
Yes
NDA Required:
No
Reason for Selling:
Relocating business to Los Angeles
Company Overview :
Description :

Exceptional property and Downtown Palm Springs location. No land lease, Fee Simple. ownership. Two story structure including a private off street parking lot and elevator. Highly upgraded Dispensary on the main floor and Cannabis Lounge on the second floor. All office / Retail leasing options available. Owner / Tenant will vacate at closing. Cannabis license can be transferred! NO NEW Licenses issued until after 12/31/2027.Commercial Financing options are available but limited for its current use. City planning to restrict / limit Palm Springs licenses in 2028, considering 10 as the limit. Private financing possible with a substantial downpayment in excess of 50%. Highly upgraded with newer mechanical systems, high end interior and exterior improvements, upgrades and finishes. Expansive outdoor space with exceptional mountain and city views. Excellent visibility, ADA compliant. Contact listing agent for Projected income and expense summary. Restricted access must contact listing agent for showing appointments. Please DO NOT disturb tenant.

26.9 OUTDOOR Acres Divisible into 12 Acres and 14.9 Acres – Available Together or Separately

Harmony Township, NJ, USA

Land For Sale

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Realty Trust
License:01257645
"Broker Co-Op" and "Accepts Referrals"

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