CannaMLS ID: 17010

Cannabis Retail Facility for sale in Palm Springs, CA 92262

Palm Springs Dispensery & Lounge

Created  | Updated 

Price

$ 3,250,000

Seller financing available

Retail and Lounge Opportunity with Owned Real Estate

listing image

Property

  • Address: 353 S Palm Canyon Drive

  • Property is: For sale

    The property may be available both for purchase or for lease. Contact listing author for details.

  • Property type: Retail

  • Purchase price: $ 3,250,000

  • Building size (sq ft): 6,561

  • Parking spots: 12

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.

Contact Seller

Report a problem

Your session has expired. Please log back in to use the features that require an account such as posting listings and messaging.