410 Olive Street, San Marcos

$4,500,000

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0 Bed
0 Bath
3.24 Acres
0 Garage

Orchid Greenhouse is a fully functional and in well maintained condition. Property is currently used for Orchid flower production. The property is zoned Agricultural and has 4 permitted greenhouses. This property to be sold together with Fully Set Up only One in So. CA "Orchid" downtown flower business. Asking Price is $4.5MM (both business/real estate) including $1.3 MM inventory. Flora Caly was founded in the Flower District of DTLA about 20 years ago. Flower Clay is located at 766 San Julian Street, Los Angeles, CA 90014, and the Orchid Greenhouse is in San Marcos, CA. Flora Clay imports a baby orchid from Taiwan, cultivates it, and produces a commercial orchid in 6 months. Then, deliver them to DTLA and San Diego area. Flora Clay is the only "Orchid" supplier in Southern California, and there is still room for growth. The founder is planning to retire. DTLA's gross sales approximately $2.3MM in the first six months, while San Marco's is around $1.1MM. The second half of the year is often busier with larger gross revenues. DTLA has 13 employees/San Marcos has 11 employees. Flora Clay has been supplying orchids to two consignments in the Flower District of DTLA on monthly basis for the last 17 years.

Essential Information

MLS® #
23299313
Price
$4,500,000
Bathrooms
0.00
Acres
3.24
Type
Land
Status
Active

Community Information

Address
410 Olive Street
Area
92069 - San Marcos
City
San Marcos
County
San Diego
Zip Code
92069
Senior Community
N

Additional Information

Date Listed
June 28th, 2023
Days on Market
312
Zoning
A70

Listing Details

Agent
Ch. (linda) Tumen
Office
One Properties

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Kelly Kausen Kelly Crews Realty, Inc.
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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Ch. (linda) Tumen - One Properties

Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 12:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.