- State: New Jersey
- City: Jersey City
- Licensed: Yes
- Offer type: For Sale
- Building Sqft: 3,900
- Property Type: Delivery , Retail
- Availability: Available
- Business for Sale: Yes
Details
Listing #5010
Asking Price: $495,000
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: $495,000
NDA will need to be executed for additional information.
Meilad Rafiei –Â License# 01788589 – WeCann
- ID: 11552
- Published: June 20, 2024
- Last Update: November 8, 2024
- Views: 851
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