For Sale
$1,650,000

1124 Black Oak DrPaso Robles, CA 93446

Licensed Cannabis Distribution Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,770 square foot, single-story retail building in Paso Robles, CA (APN: 008051024), ideally situated on a nearly half-acre lot (20,500 sq ft). Built in 1993 and renovated in 2019, this Class C property is currently operating as a cannabis distribution center, boasting three separate, licensed non-storefront delivery operations under a gross lease agreement commencing March 1, 2021, and expiring April 1, 2026. The building features robust security measures including alarms, controlled access points, and surveillance cameras, ensuring compliance with all relevant regulations. The interior is efficiently partitioned for storage, packaging, and shipping, with climate control systems maintaining optimal product quality. One suite includes a reception area. Ample parking is available. The asking price is $1,650,000 ($623/sq ft), reflecting a 10% occupancy rate. The property is zoned for cannabis-related businesses and has the potential for conversion to a dispensary (verification with the city is recommended). Financial information on the business is available upon request. This presents a unique opportunity to capitalize on the growing cannabis industry with stable rental income, long-term lease agreements, and potential for significant property value appreciation. The diversified tenant base minimizes risk, offering a strong return on investment in a high-demand market.

Highlights

  • 2,770 SF single-story retail building on a 20,500 SF lot in Paso Robles, CA (APN: 008051024).
  • Built in 1993, renovated in 2019; currently operating as a cannabis distribution center with three licensed non-storefront delivery operations.
  • Gross lease agreement in place until April 1, 2026.
  • Robust security features including alarms, controlled access, and surveillance cameras.
  • Efficiently partitioned interior with climate control and ample parking. Asking price: $1,650,000 ($623/SF).

Property Details for 1124 Black Oak Dr

Property type
Retail properties
Square Feet
2,770 SF
Class
C
Year Built/Renovated
1993/2019
Buildings
1
Stories
1
Units
3

Location Insight

City
Paso Robles
County
San Luis Obispo
State
California
Latitude
35.644545078803
Longitude
-120.6875577155
1124 Black Oak Dr, Paso Robles, California

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1124 Black Oak Dr
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