For Sale
$1,999,999

850 Glaspie St Oxford, MI 48371

Turnkey Cannabis Business, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional turnkey cannabis provisioning center in Oxford, Michigan, presents a unique investment opportunity. Located at 850 S Glaspie St, this 8,096 square foot freestanding building, built in 1977, sits on a 0.78-acre lot and boasts 31 parking spaces. The property is fully built-out and ready for immediate operation, requiring only branding and inventory. Included in the sale or lease is the existing municipal-approved adult-use license. An additional 4,637 square feet of space is available for cannabis-related or general industrial use. The building is situated in an I-1 zoned industrial district, offering excellent visibility on M-24 (Lapeer Road), a major thoroughfare with over 30,552 vehicles daily. This prime location benefits from strong demographics and proximity to national retailers, ensuring high traffic and brand exposure. The asking price is $1,999,999, with a price per square foot of $247.04. The lease type is NNN (Net, Net, Net). This is an owner/user investment opportunity not to be missed. The property offers a strong synergy within the marketplace, surrounded by a dense residential population.

Highlights

  • Turnkey adult-use cannabis provisioning center for sale or lease; license included.
  • Fully built-out space, ready for branding and inventory.
  • 4,637 SF of excess space available for cannabis or industrial use.
  • Freestanding building with 31 parking spaces in an I-1 zoned industrial district.
  • High-visibility location on M-24 (Lapeer Road), with 30,552+ vehicles daily.
  • Excellent location with strong demographics and nearby national retailers.

Property Details for 850 Glaspie St

Property type
Retail properties
Square Feet
8,096 SF
Year Built
1977
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Oxford
County
Oakland
State
Michigan
Latitude
42.813259
Longitude
-83.249891
850 Glaspie St, Oxford, Michigan

FAQs

What type of property is this?
Retail property - Turnkey Cannabis Business, High Traffic
Where is the retail property located?
The property is located at 850 Glaspie St Oxford, MI.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Turnkey adult-use cannabis provisioning center for sale or lease; license included.; Fully built-out space, ready for branding and inventory.; 4,637 SF of excess space available for cannabis or industrial use.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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850 Glaspie St
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