817 3Rd St Needles, CA 92363

Property Details for 817 3Rd St

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a fully operational, high-revenue-generating retail business in Needles, California. Located in a 12,500 square foot building, the 4,500 square foot retail space boasts a remarkable $4.9 million EBITDA in 2023. The seller is asking for 2x EBITDA, with a $1 million down payment. The property is strategically situated in San Bernardino County, offering easy access via Interstate 40 and US Route 95, benefiting from its proximity to Arizona and Nevada. The versatile zoning allows for retail, delivery, consumption lounge, cultivation, distribution, and manufacturing licenses, making it an attractive prospect for expansion. An option exists to purchase the entire 12,500 square foot building at a 10% cap rate. This presents a unique chance to acquire a thriving business with significant growth potential in a prime location. The property features ample parking and convenient highway access, making it an ideal destination for customers. This is a particularly compelling opportunity given the sunsetting of temporary licenses in California, making established, fully licensed businesses highly sought after. Serious inquiries only; proof of financials and NDA/Waiver required before further details are disclosed. The asking price is $7,900,000, with the seller open to offers.