New York City Dispensary in Prime Union Square Location

CannaMLS ID: 14355
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Price: $2,500,000


Listing Details


Listing Category
Dispensary
Home Delivery

License Status
Municipal / local license granted
State / annual license granted

Adult Use
YES

Price: $2,500,000

Listing Status: For Sale

This Licensed Dispensary is located in a prime Union Square location, within a couple blocks of the Union Square subway station. Nearby neighborhoods include Chelsea and Greenwich Village. The build-out is almost complete with opening plans for November 2024. The price is for 100% of the business and the license, including a social equity component. Very few dispensary locations remain in Manhattan due to strict zoning provisions. 1,750 sq. ft. ground floor and 1,000 sq. ft lower level are leased at $16,000 NNN monthly. 10 year lease with 3% annual escalations.  Seller can assist in a transition of the business to Buyer.  Seller is amenable to financing a portion of the purchase with a credit worthy note.  Seller also has a similar opportunity in a densely populated part of Queens, which can also be acquired, if desired by Buyer. Karen Muller, New York Broker #10351215829, is the broker for seller. NDA and POF required.


Listing Details

Listing Status
For Sale

Location
New York, New York 11111

Date Listed For Sale:
10/29/2024

Date Last Updated:
10/30/2024

Generating Revenue:
NO

Operational:
NO

Property Details

Buiding Size (sq ft)
2750 sq ft

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
NO

Green Zone Confirmed
YES

Pricing Details

Listing Price
$2,500,000

Seller Financing Available?
YES

Property Lease Rate
$16,000/month

Lease Terms:

1,750 sq. ft. ground floor and 1,000 sq. ft lower level are leased at $16,000 NNN monthly. 10 year lease with 3% annual escalations.


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