26390 Carmel Rancho LnCarmel-by-the-Sea, CA 93923
- Office properties
- 12,235 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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