Marijuana Dispensary Facility for sale in Jersey City, NJ 07305

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

Building Size: Approximately 3,900 SF.

Lease Rate: $5,000/monthly currently.

Increases to $15,000/monthly upon receiving COO.