PAD FOR RETAIL LOUNGE OR MANUFACTURING WITH I-10 FRONTAGE 1.56 AC

Details

Listing 238

Asking Price: $577,605 ($8.50/SF)

This is a keenly located property at the very first Interstate 10 off ramp when entering the Coachella Valley from the Los Angeles vicinity. Cannabis lounge, Medical cannabis cooperative, Medical or adult-use cannabis dispensary, Medical or adult-use cannabis transportation/distribution facility permitted in this zone. Medical or adult-use cannabis cultivation facility, Medical or adult-use cannabis manufacturing facility, Medical or adult-use cannabis testing facility are permitted with Conditional Use Permit.Excellent I-10 Freeway frontage. First Eastbound Interchange for the Coachella Valley.  Average Daily Traffic – Interstate 10.  Fully improved lot with curb and sidewalk. Industrial zoning allows for a wide variety of cannabis uses. Just 6 miles from Palm Springs International Airport.

Property Details

• Cannabis Use: Retail, Lounge, Cultivation, Manufacturing, Distribution
• Licensed: Eligible
• CUP: Eligible
• Zoning: M-2 Manufacturing
• Size: 1.56 AC
• Construction: Fully Improved pad with sidewalk and curb
• Canopy Sqft: 60,000 SF
• Existing Utilities: Water: 12 inch line in 20th Avenue
• Sewer: No sewer in the area. Mission Springs Water District (MSWD) estimates that sewer will be brought to the area in 2021 or 2022.
• APN: 666-411-003
• Location:  The property is located on the north side of 20th Avenue east of Ruppert Street in Palm Springs, CA.
• City Tax Rate: 10% gross receipts from Adult-Use Sales and Medical Sales; $10.00/ per square foot of cultivation area.
• Year Built: TBD

Terms of Purchase

• Type: Vacant Land
• Price:  $577,605 ($8.50/SF)

Deal Type:

• Real Estate Only

Paula Turner – Desert Pacific Properties – DRE#702492