20301 California City BlvdCalifornia City, CA 93505

Property Details for 20301 California City Blvd

Year built

2018

Construction

WOOD

Lot size

0.32 AC

Property size (Sq ft)

1,500 SF

Zone code

C1

Property type

Retail properties

Property subtype

Other car washes

APN

210-262-16-00-8

APU

21026216008

Description

This turnkey cannabis delivery business in California City, CA, is offered at $175,000. The sale includes a fully operational business with a 500 sq ft leased retail space, a strong client base exceeding 30,000 customers (with an additional 5,000 in Lancaster/Palmdale), four Toyota Prius delivery vehicles, and eight parking spaces. The current monthly rent is $2,000 with negotiable lease terms. The business possesses a commercial retailer license for both adult-use and medicinal cannabis, allowing for delivery beyond California City and Kern County. This presents a significant advantage, expanding potential market reach. The business is conveniently located near the airport, offering easy access for deliveries and operations. The seller is open to offers with a $100,000 down payment. This is a prime opportunity to acquire an established and profitable cannabis delivery business with significant growth potential. The business's precise location will be disclosed upon execution of a non-disclosure agreement and verification of financial capabilities.

• CAP approach

  CAP return

  Valuation

  6%

  $694,984

  6.5%

  $641,524

  7%

  $595,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $718,805

  Geo Method

  $718,805

• Alternative Use

  Use

  Valuation

  Residential

  $541,149

  Hospitality

  $495,690

  Educational

  $412,408

  Medical

  $426,591

  Retail

  $641,524

Location Insight

City

California City

County

Kern

State

California

Latitude

35.1161

Longitude

-117.935

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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