Marijuana Retail Facility for sale in CA 90012

Just Reduced to $300k from $400k!!!

$150k Down Gets You In the Door!!!

Great opportunity in the heart of Downtown Los Angeles/Korea Town area for a cannabis dispensary and delivery business that is not operational and a clean canvas play. This is a Social Equity opportunity, where the SE applicant is willing to stay onboard if needed. Strategically located on a bustling street with over 45,000 daily vehicles, this location guarantees maximum visibility and accessibility. Occupying a spacious 3,500 sqft building with minimal tenant improvements needed, this establishment is nearly ready to operate, saving the new owner time and money on extensive renovations. Beyond its prime location, this business comes with a lucrative bonus: the potential for an overhead commercial billboard, offering an additional revenue stream through high-impact advertising. The current owner brings to the table licenses in hand, both for the dispensary and delivery, representing a significant asset and a head start in this competitive market. Having invested $850,000 in securing the prime location, covering rent, buildout, and licensing costs, the groundwork has been laid out for the new owner to wrap up the construction and licensing process in order to become operational.

Details: 

Space: 3,500 SqFt

Rent: $18k/Month

Lease: 5 YR w/ 5YR Option

Ceiling Height: 24′

Power: 300 AMPs

Parking Spaces: 22 Shared

License Uses: Dispensary & Delivery

Capital Invested: $850k

Estimated Buildout Cost: $150k-$200k

Social Equity License

Not Operational

Licenses:

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.

Delivery: Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.

Asking Price: $300,000.00 (Seller Open to Offers w/ $150k Down) 

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Or Email: broker@glbgroupinc.com

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