0 Exclusive Opportunity For A Jersey City Dispensary LicenseJersey City, NJ 07302

For Sale
$495,000

Prime Retail Space, Cannabis License Included

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity: acquire a turnkey retail cannabis dispensary license in Jersey City, NJ. This 3,900 square foot space is ideally situated for high visibility and customer traffic near the intersection of Routes 1, 9, and 40. The property boasts a current monthly lease rate of $5,000, escalating to $15,000 upon obtaining a Certificate of Occupancy (COO). The asking price for the license is $495,000. Importantly, this opportunity is exempt from the current city moratorium, having already secured zoning approval and conditional approval from the New Jersey Cannabis Regulatory Commission (CRC). The seller is currently finalizing construction plans for tenant improvements, ensuring a smooth transition for the new owner. The application for a local resolution of support from the City Council is eligible for further consideration, paving the way for a fully operational dispensary. This presents a rare chance to enter the burgeoning New Jersey cannabis market in a prime location with significant growth potential. The property is located in Hudson County, NJ, zip code 07302.

Highlights

  • Asking Price: $495,000 for a Jersey City dispensary license.
  • Zoning approval secured; exempt from current moratorium.
  • Seller finalizing construction plans for a 3,900 SF retail space.
  • Current lease rate: $5,000/month, increasing to $15,000/month upon Certificate of Occupancy (COO).
  • High-visibility location near Routes 1, 9, and 40 in Jersey City, NJ.

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7214644
Longitude
-74.036852
Exclusive Opportunity For A Jersey City Dispensary License, Jersey City, New Jersey

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0 Exclusive Opportunity For A Jersey City Dispensary License
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