$2,950,000
About this home
Exceptional property and Downtown Palm Springs location. No land lease, Fee Simple. ownership. Two story structure including a private off street parking lot and elevator. Highly upgraded Dispensary on the main floor and Cannabis Lounge on the second floor. All office / Retail leasing options available. Owner / Tenant will vacate at closing. Cannabis license can be transferred! NO NEW Licenses issued until after 12/31/2027.Commercial Financing options are available but limited for its current use. City planning to restrict / limit Palm Springs licenses in 2028, considering 10 as the limit. Private financing possible with a substantial downpayment in excess of 50%. Highly upgraded with newer mechanical systems, high end interior and exterior improvements, upgrades and finishes. Expansive outdoor space with exceptional mountain and city views. Excellent visibility, ADA compliant. Contact listing agent for Projected income and expense summary. Restricted access must contact listing agent for showing appointments. Please DO NOT disturb tenant.
Facts & features
- Bathrooms
- 0
- Heating
- Central, Forced Air
- Lot size
- 0.37 acres (16,117 sq ft)
- Year built
- 1992
- Parking spaces
- 20
- Area
- 332 - Central Palm Springs
- County
- Riverside
- Status
- Active
- Property type
- Commercial Sale
- Days on market
- 0
- Terms
- Cash, Conventional
- Parcel #
- 513203017
- MLS #
- 219149666PS
