For Sale
$495,000

Cannabis Retail Storefront Jersey City, NJ 07305

Prime location, approved license, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional opportunity presents a 3,900 square foot storefront in Jersey City, NJ (zip code 07305), ideally situated near the intersection of Routes 1, 9, and 40, ensuring high visibility and substantial foot traffic. The property boasts a fully approved zoning permit and is exempt from the current moratorium, making it eligible for a local resolution of support. The seller has received conditional approval from the New Jersey Cannabis Regulatory Commission (CRC) and is finalizing construction plans. Currently leased at $5,000 per month, the lease will increase to $15,000 per month upon Certificate of Occupancy (COO). The asking price for this turnkey cannabis retail license is $495,000 ($126.92 per square foot). The buyer will need to complete the planning application and present it to the City Council for local approval. Upon receiving local approval, the buyer will then apply for an annual state license and commence the build-out. This is a rare chance to acquire a fully permitted and strategically located cannabis retail business in a high-demand market. The property is located in Hudson County.

Highlights

  • Eligible for annual state license renewal upon local approval.
  • Zoning approved; exempt from current moratorium.
  • Seller finalizing construction plans.
  • 3,900 square foot building.
  • Current lease rate: $5,000/month, increasing to $15,000/month upon Certificate of Occupancy.
  • Asking price: $495,000.

Property Details for 0 Cannabis Retail Storefront

Property type
Retail properties, Retail space
Square Feet
3,900 SF

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7008528
Longitude
-74.0887576

FAQs

What type of property is this?
Retail property - Prime location, approved license, high ROI.
Where is the retail property located?
The property is located at Cannabis Retail Storefront Jersey City, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Eligible for annual state license renewal upon local approval.; Zoning approved; exempt from current moratorium.; Seller finalizing construction plans.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 Cannabis Retail Storefront
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message