PRICE REDUCED - Exclusive Opportunity for a Jersey City Dispensary License

State: New Jersey
City: Jersey City
Licensed: Yes
Offer type: For Sale
Building Sqft: 3,900
Property Type: Delivery , Retail
Availability: Available , Reduced Price
Business for Sale: Yes

Details

Listing #5010

Asking Price: $350,000

Take advantage of this rare chance to acquire a retail storefront cannabis license in Jersey City, unaffected by the moratorium. This license is tied to a high-visibility location near the busy intersection of Routes 1, 9, and 40, ensuring strong traffic and customer flow. The seller has received a conditional approval from the New Jersey Cannabis Regulatory Commission (CRC), and a zoning approval from the city. Submitted before the April 2023 moratorium, this city application is eligible for further consideration by the City Council for a local resolution of support.

Next Steps for Buyers:

Complete the planning application to present before the City Council.
Upon local approval, apply for an annual state license and commence buildout.

Highlights

State License: Eligibility for annual license application upon local resolution approval.
Local License: Zoning approval secured.
- Local Resolution Eligible: Exempt from current moratorium.
Tenant Improvements: Seller is finalizing construction plans.
Building Size: Approximately 3,900 SF.
Lease Rate: $5,000/monthly currently.
- Increases to $15,000/monthly upon receiving COO.
License Sales Price: $350,000

NDA will need to be executed for additional information.

Meilad Rafiei – License# 01788589 – WeCann

PRICE REDUCED – Exclusive Opportunity for a Jersey City Dispensary License

Details

Listing #5010

Asking Price: $350,000

Next Steps for Buyers:

Highlights

CREC Directory

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