Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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