26390 Carmel Rancho LnCarmel-by-the-Sea, CA 93923

Property Details for 26390 Carmel Rancho Ln

Year built

1980

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

12,235 SF

Property type

Office buildings

APN

015-012-051-000

APU

15012051000

Description

Exceptional opportunity to acquire a thriving, turnkey cannabis storefront in Carmel-by-the-Sea, CA. This 4,131 square foot retail space, situated on a 3,489 square foot lot (APN 015-012-058), boasts a prime location at 26390 Carmel Rancho Ln, 93923. The property, originally built in 1979, underwent extensive renovations in 1997 and a complete rebuild in 2020, ensuring modern functionality and aesthetics. The asking price of $5,500,000 includes the land, building, fixtures, furniture, equipment (FF&E), inventory, and a highly valuable cannabis license—one of only two in Carmel. This represents a rare chance to own a fully operational, established business in a highly desirable location. Detailed financial statements are available upon the execution of a non-disclosure agreement. The property is zoned LC-D-S. The price per square foot is $1,331.40. This is a truly unique investment opportunity combining real estate, a successful business, and a coveted license.

• CAP approach

  CAP return

  Valuation

  6%

  $3,663,885

  6.5%

  $3,382,048

  7%

  $3,140,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,412,464

  Geo Method

  $3,412,464

• Alternative Use

  Use

  Valuation

  Residential

  $4,193,739

  Hospitality

  $3,841,442

  Educational

  $3,196,035

  Medical

  $3,305,952

  Retail

  $4,971,610

Location Insight

City

Carmel

County

Monterey

State

California

Latitude

36.5403

Longitude

-121.906

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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