For Sale
$1,950,000

185 Market StPotsdam, NY 13676

Profitable Cannabis Business, NY

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully operational, vacant recreational cannabis dispensary in Potsdam, NY. Located at 185 Market St, this 7,700 sq ft Class C office building boasts a prime location near SUNY Potsdam and Clarkson University, ensuring high foot traffic and visibility. The property includes a 10-year lease with three 5-year renewal options and a favorable net lease rate of $7,700 per month, subject to a 2% annual escalation. Ample parking (60 spaces) and prominent monument signage further enhance its appeal. The asking price of $1,950,000 includes a Class 5 Cannabis Retailer License, all necessary local and state approvals, land use entitlements, and the long-term lease. This turnkey operation is poised for significant growth in a market experiencing increasing demand for cannabis products. The property's strategic location within a high-traffic corridor, near Price Chopper Plaza, ensures consistent customer flow. This presents a rare chance to acquire a thriving business with substantial future potential in a rapidly expanding industry. The property is currently vacant, offering immediate occupancy for a new operator. The building's size and features make it ideal for a dispensary operation, and the existing approvals and licenses significantly reduce the time and cost associated with starting a new business. This is a unique opportunity to capitalize on the burgeoning cannabis market in a college town setting.

Highlights

  • Prime location, minutes from SUNY Potsdam & Clarkson University.
  • High-traffic area with proximity to Price Chopper Plaza.
  • Monument signage available.
  • 60 ample parking spaces.
  • Below-market lease rate.
  • $7,700/month NNN, 10-year lease with three 5-year options, 2% annual escalations.

Property Details for 185 Market St

Property type
Office properties, Medical offices
Square Feet
7,700 SF
Class
C

Location Insight

City
Potsdam
County
St. Lawrence
State
New York
Latitude
44.684865
Longitude
-74.9875056
185 Market St, Potsdam, New York

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185 Market St
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