530 Water StOakland, CA 94607

Property Details for 530 Water St

Property type

Commercial real estate

Description

This turnkey cannabis microbusiness in Oakland, CA, presents a unique investment opportunity. Located at 530 Water St, Oakland, CA 94607, this 1200 sq ft space boasts a general license (not Social Equity), offering distribution, manufacturing, and delivery capabilities. Launched in late 2023, the business has already generated $419,000 in gross revenue (January-mid July 2024). The asking price is $125,000 (seller open to offers with $75,000 down payment). A long-term lease is in place ($4,634 + NNN per month) with 2 years remaining and a 5-year option. The business includes a $50,000 wholesale inventory, a Blaze POS system, and three employees. Significant capital ($300,000) has been invested in permits and a high-quality buildout, featuring a 9-foot ceiling height and four rooms (including an office and license storage). The business holds a Retailer Non-Storefront license (allowing sales and delivery within California's logistical reach), a Manufacturing license (for cannabis product infusion), and a Distribution license (for medical cannabis and products). This fully operational business is situated in a safe Oakland building and represents a low-cost entry point for expansion into the Bay Area market. A non-disclosure agreement and proof of financials are required before further details are released.

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7956

Longitude

-122.279

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