Cannabis Eligible Facility on Atlantic City’s Boardwalk

Atlantic City, NJ, USA
$6,290,000

Details

Listing #4982

Asking Price: $6,290,000

Embark on an unparalleled opportunity to secure an industrial property that qualifies for a licensed cannabis facility, on Atlantic City’s iconic boardwalk, offering breathtaking ocean views!

WeCann is pleased to present this purchase and lease opportunity spanning up to 39,000 square feet within a remarkable 9-story building. This expansive property boasts a versatile layout, featuring 34,000 square feet of prime space on the 9th floor, with soaring 14-foot ceilings, and 5,000 square feet on the ground floor for retail use. Allowing a cannabis operator the ability to have a fully vertically integrated business all at this location. The intermediate floors encompass a spacious parking garage, offering convenient access for patrons and tenants alike.

The 8th floor is dedicated to parking for the 9th floor tenant/owner, providing 60 spaces exclusively, complete with private freight and personal elevator access. Whether you opt to purchase or lease, each floor offers endless potential for customization and adaptation to suit your unique requirements. The ground floor presents an amazing opportunity for a dispensary right off the boardwalk, with the flexibility to carve out as little as 2,000 square feet.

The 9th floor, previously utilized as office space, will be delivered as a blank canvas with utilities in place. However, the seller extends the option to facilitate tenant improvements for an additional cost, coupled with construction financing as low as 6%, ensuring a seamless transition into your ideal workspace. Ample power will be provided to accommodate the demands of your operations, ensuring uninterrupted functionality. Contact us for more details.

Key Features:

  • Prime Location: Large parking garage on the Atlantic City boardwalk with ocean views
  • Versatile Space: Up to 39,000 SF available for purchase or lease
  • Flexible Layout: 9-story building with 34,000 SF available on both ground and 9th floors
  • Retail Opportunity: Ground floor suitable for dispensary or other commercial ventures
  • Customization Options: Seller offers tenant improvements and construction financing at competitive rates
  • Ample Power: Depending on the use, up to 4,000 AMPS or more available!
  • Asking Lease Rate: $18 per SF annually ($1.50 per SF Monthly) + NNN
  • Asking Sales Price: $6.29 Million for 34,000 SF on 9th floor

 

Meilad Rafiei – License# 01788589 – WeCann

This property is being co-brokered with ReMax Central License #1539140

  • ID: 11457
  • Published: May 8, 2024
  • Last Update: May 10, 2024
  • Views: 485

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