PRICE REDUCED – Westchester County Operational Dispensary w/ Upside — New York

Details

Listing #5203

Asking Price: $2,100,000

Price just reduced — sellers are motivated and ready to make a deal. This is a rare chance to step into a fully operational, CAURD-licensed dispensary in the heart of downtown Peekskill, NY, a tight-knit Westchester County community known for rallying behind its local businesses and its vibrant, community-driven culture. Open since August 2024, this dispensary has already built real momentum: steady foot traffic, easy public parking, and a loyal local following driven by its popular in-house events. With a low-cost lease and an upstairs event space that builds brand visibility and community presence, this is a business with real upside for the right operator. Recently repriced and ready to move. Bring your best offer.

Property & Business Overview

• Fully operational CAURD-licensed dispensary, opened August 2024
• “Mom & Pop” style retailer – strong alignment with local culture and community values
• 1,000 SF retail space on the first floor
• An additional 1,000 SF second floor used as event space

Rent & Location Benefits

• Rent for dispensary space: $2,700/month
• Rent for upstairs event space: $2,000/month
• Total Rent: $4,700/month
• Convenient parking: street parking plus a public garage directly across the street
• Downtown location: amidst retailers, restaurants, and banks, high visibility & foot traffic

Events, Upside & Regulatory Potential

• Already hosting popular community events: poker nights, yoga, and more…
• Event space across the street has been used by Seller for larger events and is available for future events
• Once New York finalizes cannabis lounge regulations, this location is ideally suited for on-site consumption and entertainment

Financial Projections

Key Investment Highlights

• Operational dispensary – Since August 2024
• Upstairs event space drives community engagement and brand visibility
• Positioned for future consumption lounge regulations
• Recently reduced pricing reflects a motivated seller
• Significant upside via expanded delivery

Market & Demographics

• Within a 10-minute drive: ≈ 92,000 people, average household income ≈ $136,250
• One of 3 operational dispensaries in Peekskill.
• Located in a city that embraces small, local businesses — “mom & pops” resonate strongly
• Surrounded by complementary businesses (restaurants, retail, banks) driving foot traffic
• Westchester County market has limited dispensary competition

Why This Is A Great Opportunity

• Recently reduced price — motivated seller ready to close
• Downtown location with excellent visibility and parking
• Strong demographics with high income households nearby
• Dispensary + community event space, reinforcing local brand presence
• Positioned to capitalize on future regulatory shifts
• Community-driven business model with growth upside

Deal Terms

• Asking Price: $2,100,000 (recently reduced)
• Approx. 0.82× projected 2026 gross revenue
• Seller Financing offers will be considered
• Pricing negotiable for ALL CASH offers

Why This Is A Great Opportunity

• Downtown location with excellent visibility and parking
• Strong demographics with high income households nearby
• Dual revenue streams: dispensary + event venue
• Positioned to capitalize on future regulatory shifts
• Community-driven business model with growth upside
• Steady increase in revenue, with additional upside in expanding delivery, and eventually a lounge

Download Flyer

Meilad Rafiei – License# 01788589 – WeCann