Cannabis Dispensary, Delivery & Consumption Lounge (San Fransisco,CA)

CannaMLS ID: 12397
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Price: $699,000


Listing Details


Listing Category
Dispensary
Home Delivery
Consumption Lounge

License Status
Municipal / local license granted
State / annual license granted


Price: $699,000

Listing Status: For Sale

This is a standout opportunity to invest in San Francisco’s burgeoning cannabis market with the sale of an approved dispensary, delivery service, and consumption lounge. Positioned in a prime location on Lombard Street, bridging the affluent Marina, Pacific Heights, and Russian Hill neighborhoods, this enterprise promises high visibility and growth.

The sale includes everything necessary to fast-track the business’s launch and success:

Conditional Use Authorization (CUA) and Department of Building Inspection (DBI) approved construction drawings for a cannabis dispensary, including a chic consumption lounge.

A strong business foundation bolstered by:

A two-story single tenant building.

1680 sq ft of space, with each floor offering 840 sq ft.

A long-term seven-year lease, with the potential for two additional 7-year renewals.

City approval for modern construction plans.

A swanky consumption lounge included in the plans.

Design and project management by a talented architect.

An experienced General Contractor ready to commence work.

Strategic Location Highlights:

Located on Lombard Street, a high traffic commuter corridor with over 44,000 cars passing daily.

Encircled by vibrant retail corridors including Chestnut Street and Union Street.

In proximity to over a dozen hotels/motels, and part of the route to San Francisco’s iconic “Crookedest Street in the world,” a tourist magnet attracting over 25 million visitors annually.

Investment Potential:

Offered at $699k, this investment opportunity is anticipated to yield a significant return. The terms include a favorable lease far below market rates, allowing the new owners to contribute their personal design touches to the final buildout. The project is positioned to become a leading cannabis enterprise in one of the city’s most frequented and strategic locales.

The current owners have already initiated the permitting process, saving valuable time for the new owners. The sale will include the cannabis C.U.P. licenses, a favorable lease, and DBI approved architectural plans/construction drawings + the building permit.

Details:

Space: 1,680 Sq Ft Total 

Rent: TBD
Lease Terms: 7 YR / (2)X7 YR Options

Stand Alone Building on Lombard Street

Capital Invested: $300k 

Parking Spaces: 3

License: 

On-Site Consumption Lounge: THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge.  The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places.

Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.

Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.

 

Asking Price: $699,000.00 (Seller Open to Offers with $349k Down!!) 

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Drew at (619) 653-0483

Or Email : ceo@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.


Listing Details

Listing Status
For Sale

Location
California 94115

Date Listed For Sale:
3/28/2024

Date Last Updated:
3/29/2024

Property Details

Pricing Details

Listing Price
$699,000

Lease Terms:

Space: 1,680 Sq Ft Total 

Rent: TBD
Lease Terms: 7 YR / (2)X7 YR Options

Stand Alone Building on Lombard Street

Capital Invested: $300k 

Parking Spaces: 3


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