Description
Prime commercial property with double parcel lot, generating steady income heralds one of the BEST Dispensary locations in Napa. Attached to the dispensary building, is a 1 BR/1.5BA 2-story residence. The property also offers rare and unique commercial kitchen development opportunity! Municipal services connected for both sewer and water. 6.76% projected CAP rate after rent increase 1/1/2024, per lease agreement. Sale Includes 1961 Iroquois Street. Tenants have cannabis licenses approved by City of Napa. A rare chance to own one of the few buildings with tenants that have been approved for a cannabis dispensary with adult/recreational, plus medicinal use. Fully leased investment with a high rental income. Don't miss this golden opportunity.
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0BEDS
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0.31ACRES
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0BATHS
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01/2 BATHS
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3,213SQFT
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$1,634$/SQFT
School Ratings & Info
Description
Prime commercial property with double parcel lot, generating steady income heralds one of the BEST Dispensary locations in Napa. Attached to the dispensary building, is a 1 BR/1.5BA 2-story residence. The property also offers rare and unique commercial kitchen development opportunity! Municipal services connected for both sewer and water. 6.76% projected CAP rate after rent increase 1/1/2024, per lease agreement. Sale Includes 1961 Iroquois Street. Tenants have cannabis licenses approved by City of Napa. A rare chance to own one of the few buildings with tenants that have been approved for a cannabis dispensary with adult/recreational, plus medicinal use. Fully leased investment with a high rental income. Don't miss this golden opportunity.
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