New York Recreational Property for Sale in Utica, NY

401 Herkimer Rd, Utica, NY 13502, USA
$3,950,000

Details

Listing 4950

Sales Price: $3,950,000

Utica, New York, presents an emerging market ripe with opportunities for cannabis dispensary real estate investment. With recent legislative changes in New York State permitting the sale of recreational cannabis, Utica stands at the forefront of this evolving industry. Utica’s cannabis market exhibits significant growth potential, driven by shifting attitudes towards cannabis legalization and increasing consumer demand. As the tenth most populous city in New York State, Utica boasts a diverse population and a strong economic foundation. With recent legislative changes opening up opportunities for recreational cannabis sales, the demand for dispensaries in Utica is expected to surge.

Highlights

  • Located just off the I-90 in a retail corridor
  • Only 3 miles away from Utica University
  • Good Parking with 16 spots
  • Zoned Urban Mixed-Use
  • Good demographics in municipality
  • Building Size: 5,000 sq. ft.
  • 5-Mile Population: 86,477
  • Daily Traffic Count: 11,000+

Sale Price: $3,950,000 (Includes the Class 5 Cannabis Retailer License, Local and State Approvals, Land Use Entitlements and Real Estate)

Canna Zoned MLS Broker License #6505430639

  • ID: 11361
  • Published: April 1, 2024
  • Last Update: April 2, 2024
  • Views: 393

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