Asking Price: $650,000 ($144 PSF)
4,500 SF FREEWAY FRONTAGE RETAIL BUILDING AND VACANT LOT IN SALTON CITY.
Fantastic opportunity for owner or investor. This would make a great rental or owner user facility with the ability to break up the building for additional income. Multiple meters already in place, excellent frontage, high traffic, growing developing area, and year long along with seasonal activity. Right off the freeway. Building and adjacent lot included in the sale. The property is now vacant and available. Heavy traffic, great frontage, desert recreational community, travel.
- Cannabis Use: Retail
- Licensed: Eligible
- Zoning: C-2
- Size: 14,810 SF (0.34 acres)
- Building Sqft: 4,500 SF
- Building Stories: 1
- Air Conditioning:
- Construction: Building Class C
- Grade Level Doors:
- Power (amps): Multiple meters available.
- APN: 015-330-027-000; 015-330-028-000
- Location: Salton City, aka Thermal, CA. Located off State Highway 86, bordered by Frontage Road to the SW, Marina Drive to the NW, Center Street to the NE and Salton Drive to the SE.
- City Tax Rate: Max of 8% on gross receipts for retail, 5% on gross receipts for manufacturing, $15/SF cultivation.
- Taxes (Proposed): For cultivation, on July 1, 2020 the max per square foot shall rise to $20. On July 1, 2022 the max per square foot shall rise to $25.
- Year Built: 1960
Terms of Purchase
- Type: Sale
- Price: $650,000
- Deal Type: Sale