1124 Black Oak Dr Paso Robles, CA 93446

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.