Take this great opportunity to purchase a pre-operational cannabis retail storefront license with the property for only $750,000. The license has a CUP approval, and approved construction plans, so the buyer can begin tenant improvements quickly. To become operational, complete the development, and state licensing. The CUP approval calls for a 2,328 SF single story commercial property, with 22 parking spots. The property is located right off Perris Blvd, a major throughway in the city with strong traffic counts. The half-acre property is being priced at raw land value since the 1,100 SF single-family residence that was located on the property has burned down, and there are no existing structures on the property. Seller will work with the Buyer to finalize licensing, become operational, and transfer all licensing over seamlessly. Reach out to us for additional information including site plan and guidance on the licensing process. - Valuation Breakdown: - Property: $500,000 - Pre-operational Retail License: $250,000 - CUP Approved - Construction Plans are Approved - .58 Acre Lot - Zoned Commercial - Proposed Occupancy Mercantile - City has a simple cannabis licensing transfer process - Seller is Motivated – Bring all Offers!
MLS #
CRNP24060276
MLS Source
California Regional MLS
Days on Site
62
Buyer's Brokerage Compensation*
3.00%
HOA Fee
$0
Zoning
LY, LSR
24985 Atwood Ave is in Moreno Valley, CA 92553. This Land is currently priced at $750,000.
This address can also be written as 24985 Atwood Ave, Moreno Valley, CA 92553.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 26, 2024. For the most current information, please contact Meilad Rafiei