Cannabis Retail Facility for sale in Palm Springs, CA 92240

420 Bank Dispensary, Consumption LOUNGE and Real Estate Option with Equity to Buy! Call for Offers is May 28th! (Palm Springs, California) #1731

The #1 Dispensary in the entire Coachella Valley! This is not just a dispensary, this is an experience like you have never seen before. This is a rare chance to take over a fully built-out, luxury cannabis dispensary with massive upside potential. The property spans 17,600 square feet and has been extensively upgraded, with over $2 million invested by the current seller. A state-of-the-art custom filtration system runs throughout the building, ensuring top-tier compliance and comfort.

The dispensary comes with a coveted Consumption Lounge License already attached making it an ideal venue for events, experiences, and elevated customer engagement. The space also features exclusive Sky Suites, perfect for private gatherings or VIP clientele.Financially, this opportunity is unmatched. The property was recently appraised at $8.9 million, yet the seller holds the option to purchase it for only $4.75 million—offering over $4 million in built-in equity. Current rent is $20,000 per month, with an option to purchase the real estate for long-term security and growth.

This is more than just a dispensary—it’s a fully licensed, experience-driven cannabis destination with incredible value baked in. Opportunities like this don’t come around often.

Details:

Property Appraisal came in at $8.9M, Seller has the option to Exercise the Option to Buy the Real Estate at 4.75M!

Seller has over 4M in Potential Equity!

Space: 17,600 Sq Ft

Rent: $20,000 Month

Seller has invested over 2M into the property

Custom Filtration system within the entire building

Sky Suites available for events

Consumption Lounge License attached

Option to purchase Real Estate

Gross Revenues:

2022: $2.3M in Total Revenue

2023: $2.4M in Total revenue

2024: $3.11M in Total Revenue

License:

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.

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.

Asking Price: Call For Offers May 28th

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Drew Mathews, DRE CA LIC# 02091143

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

Email: ceo@glbgroupinc.com

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