CannaMLS ID: 26389
Created | Updated
Price
$ 150,000
Seller financing available
Hollywood, CA turnkey cannabis dispensary for sale. Fully licensed retail on Walk of Fame. Property for lease at $18K/month. Los Angeles opportunity.
Address: Vine Street
Property is: For lease
Property type: Retail
Monthly lease rate: $ 18,000
Building size (sq ft): 3,400
Ceiling height (ft): 25
An exceptional opportunity to acquire a fully built-out cannabis retail operation in one of Los Angeles’ most recognizable and high-traffic entertainment corridors. This offering includes a clean and transferable cannabis retail license together with a professionally designed dispensary facility featuring substantial tenant improvements and operational infrastructure already in place.
The project became non-operational as the result of an internal partnership dispute and not due to operational, regulatory, or compliance issues. The underlying cannabis retail permit remains in good standing and free from debt, tax liabilities, or problematic operational history.
Highlights
• Fully built-out, turnkey cannabis dispensary opportunity in Hollywood, California
• Approximately 3,400 square feet of retail space
• Located directly on the Hollywood Walk of Fame
• Existing compliant cannabis retail permit with clean operational history
• License transfer and operation may occur under the buyer’s entity of choice
• Estimated licensing transition timeline of approximately six (6) weeks
• Significant existing improvements and infrastructure already completed
Existing Improvements & Infrastructure
Over $500,000 invested into buildout, furniture, fixtures, equipment, and operational systems, including:
• High-end dispensary buildout
• Security and compliance infrastructure
• Custom retail fixtures
• Inventory control systems
• Pneumatic tube inventory delivery system
• Turnkey retail layout and operational configuration
Lease Terms
• Current rental rate: $18,000 per month
• Significantly below prior market occupancy costs for the location
• New lease to be negotiated directly with landlord
• New tenant security deposit of approximately $18,000 required
Transaction Structure
• $150,000 purchase price for the license rights and transfer of furniture, fixtures, and equipment
• Purchase price payable in transaction milestones tied to licensing and transfer progress
• Seller willing to work collaboratively with qualified buyers to ensure a smooth transition process
Ideal Buyer
• Existing cannabis operators seeking a flagship Hollywood presence
• MSO expansion
• Investors seeking a lower-cost entry into the Los Angeles cannabis retail market without undertaking a full ground-up entitlement and buildout process
Serious inquiries only. Proof of funds and cannabis operational background preferred. However, cannabis retail management services are available upon request.
Address: Vine Street
Property is: For lease
Property type: Retail
Monthly lease rate: $ 18,000
Building size (sq ft): 3,400
Ceiling height (ft): 25
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