CannaMLS ID: 13678
Cannabis Retail Facility for sale in Colorado Springs, CO 80907
Colorado Springs – Class A Cannabis Store – get location before REC legalized
Created | Updated
Price
$ 1,500,000
Seller financing available
The 570 N Murray building had extensive upgrades by a major industry corporation - wide open territory, close to the illegal cannabis sales in the county. -
- Property
- Licenses
- General
Property
Address: 570 N Murray
Property is: For sale, For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Purchase price: $ 1,500,000
Monthly lease rate: $ 6,000
Building size (sq ft): 5,400
- Property
- Licenses
- General
Property
Address: 570 N Murray
Property is: For sale, For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Purchase price: $ 1,500,000
Monthly lease rate: $ 6,000
Building size (sq ft): 5,400
Description
The 570 N Murray building had extensive upgrades by a major industry corporation - wide open territory, close to the illegal cannabis sales in the county.
- 45k traffic count - on Platte Ave between Powers and Academy Blvd
- Signage - 2 large Bldg / 1 on Platte & 1 on Murray
Lock down a building with a license to grandfather in a strong location. - Short lease - to see if rec passes.
- Rec will pass with a simplified referendum.
- The 5% Rec Veteran initiative passed on the last ballot at 54%, but it was invalidated by not passing the underlying initiative, losing at 46%. Voters were confused. The industry didn't want the tax, but complicated the concept.
- Estimated $15 to $25 MM in tax revenue from REC to Colorado Springs.
- The previous mayor, worked hard against Rec ... "we'll lose Space Command". The current mayor wants the revenue.
$12 sf - $15 NNN - negotiable
- short-term lease to determine REC
- City will not allow any new storefronts with 1 mile educational separation
