Refurbished Retail Property and Operational Dispensary for Sale – Palm Springs, CA

Details

Listing #5017

Asking Price: $1,295,000

WeCann proudly presents an exceptional investment opportunity for a 6,500 SF free-standing building housing an operational licensed dispensary, exclusively listed for sale. This offering includes fully approved state and local business cannabis retail storefront and distribution licenses for immediate operation. Situated prominently on a popular thoroughfare just off Highway 111, this two-story building has undergone extensive redevelopment, with over $1.3 million invested in recent improvements. The comprehensive renovation included new roofing, HVAC systems, parking lot enhancements, exterior security gates, and more. The first floor spans approximately 3,700 SF and houses the operational dispensary, while the second floor requires tenant improvements to become fully functional. Priced competitively as a non-cannabis property, this investment includes the operational business licenses at no additional cost, offering substantial value and growth potential.

Investment Highlights:

• Operational Licensed Dispensary: Includes fully approved state and local dispensary licenses.
  • The facility will also be sold with approved distribution licenses.
• Great Location: Strategically positioned on a popular road near Highway 111.
• Recent Redevelopment: Over $1.3 million invested in comprehensive property improvements.
• Flexible Management: Extend existing management agreement or take over operations.
• Competitive Pricing: Priced attractively as a non-cannabis property, with operational business licenses included.
• Sales Price: $1,295,000

NDA will need to be executed for additional information.

Meilad Rafiei – License# 01788589 – WeCann