24985 Atwood Avenue, Moreno Valley

$750,000

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0 Bed
0 Bath
.58 Acre
0 Garage

Take this great opportunity to purchase a pre-operational cannabis retail storefront license with the property for only $750,000. The license has a CUP approval, and approved construction plans, so the buyer can begin tenant improvements quickly. To become operational, complete the development, and state licensing. The CUP approval calls for a 2,328 SF single story commercial property, with 22 parking spots. The property is located right off Perris Blvd, a major throughway in the city with strong traffic counts. The half-acre property is being priced at raw land value since the 1,100 SF single-family residence that was located on the property has burned down, and there are no existing structures on the property.



Seller will work with the Buyer to finalize licensing, become operational, and transfer all licensing over seamlessly. Reach out to us for additional information including site plan and guidance on the licensing process.



- Valuation Breakdown:

- Property: $500,000

- Pre-operational Retail License: $250,000

- CUP Approved

- Construction Plans are Approved

- .58 Acre Lot

- Zoned Commercial

- Proposed Occupancy Mercantile

- City has a simple cannabis licensing transfer process

- Seller is Motivated ā€“ Bring all Offers!

Essential Information

MLS® #
NP24060276
Price
$750,000
Bathrooms
0.00
Acres
0.58
Type
Land
Status
Active

Community Information

Address
24985 Atwood Avenue
Area
259 - Moreno Valley
City
Moreno Valley
County
Riverside
Zip Code
92553
Senior Community
N

Community Features

Curbs, Storm Drain(s), Street Lights, Sidewalks

Amenities

View
None

Exterior

Lot Description
Rectangular Lot

Additional Information

Date Listed
March 4th, 2024
Days on Market
47
Zoning
R2

Listing Details

Agent
Meilad Rafiei
Office
WeCannCA, Inc

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Based on information from California Regional Multiple Listing Service, Inc. as of May 13th, 2024 at 8:55pm 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.