4048 New Court AveSyracuse, NY 13206

For Sale
$2,650,000

22,000 SF Warehouse, Tier 2 Cultivation License

Overview

Added:
Dec 11, 2024
Days on market:
95
Exceptional investment opportunity: a 22,000 square foot industrial warehouse in Syracuse, NY, featuring a rare Tier 2 indoor cultivation license. This is one of only twenty such licenses issued by the state, representing a significant competitive advantage within the burgeoning cannabis industry. The property boasts a strategic location on a 0.86-acre lot, less than three miles from I-90 (NYS Thruway) Exit 35, Carrier Circle, ensuring efficient transportation and distribution. The building itself offers three loading docks for seamless logistics and an 18-foot ceiling height, accommodating diverse operational needs. The asking price is $2,650,000, translating to $120.45 per square foot. This turnkey operation presents a substantial opportunity for cultivators seeking to establish a state-of-the-art facility in a high-demand market. The Tier 2 license allows for up to 12,500 square feet of canopy. This property is a unique and highly sought-after asset in the New York cannabis market. The building is a single-tenant occupancy. The lease type is modified. This is a truly exceptional opportunity for a cannabis cultivator.

Highlights

  • 22,000 SF industrial warehouse in Syracuse, NY with a rare Tier 2 indoor cannabis cultivation license.
  • Strategic 0.86-acre lot, <3 miles from I-90 Exit 35 & Carrier Circle.
  • Three loading docks and 18' ceiling height.
  • Asking price: $2,650,000 ($120.45/SF).
  • Turnkey operation with a 12,500 SF canopy allowance; single-tenant, modified lease.

Property Details for 4048 New Court Ave

Property type
Other warehouses, Other industrial properties
Square Feet
22,000 SF
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.077802
Longitude
-76.1079846
4048 New Court Ave, Syracuse, New York

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4048 New Court Ave
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