Busy Ohio Dispensary with Real Estate for Sale

CannaMLS ID: 9481
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Price: $5,750,000


Listing Details


Listing Category
Dispensary

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

Medical
YES


Price: $5,750,000

Listing Status: For Sale

Zip Code Intentionally Hidden to Protect Seller Privacy. Hit "Contact Seller" Button Above for More Details.

OFFERING SUMMARY

ASKING PRICE: $5,750,000

•BUSINESS = $5M

•REAL ESTATE = $750K

LICENSES:

RETAIL:

•DISPENSARY (OPERATIONAL)

OPEN SINCE: 2019

EMPLOYEES: 4 FT / 3 PT

AVG BASKET SIZE: $162

PROPERTY: OWNED

•AVAILABLE FOR PURCHASE

BUILDING SIZE:

1,280 SF WITH THE POSSIBILITY OF ADJOINING PARCEL WITH 20 PARKING SPOTS

BUSINESS OVERVIEW:

Rare opportunity to acquire one of only three dispensaries located within 10 miles of the Pennsylvania border. This dispensary is only 45 minutes to Pittsburgh, which boasts a population of 2.35M residents in its greater metro area. With Ohio’s promising upcoming 2023 ballot measure to legalize recreational sales, this dispensary is positioned to benefit greatly as Pennsylvania is not expected to legalize rec for several years. The current absentee owner does not have time to maximize the store’s potential and would like to sell, creating an ideal opportunity for any operator that wants to step into a turnkey, border town dispensary. NDA required for additional information.

 

HIGHLIGHTS

•Polling indicates recreational cannabis will be legalized on the upcoming November ballot.

•Pittsburgh, the largest metropolitan area in the vicinity, is in a medical-only state with no ballot initiative to legalize rec this year.

•A second adjoining parcel with an additional 20 parking spots is available for sale .

•Seller is willing to wait until the Ohio recreational ballot measure passes to accept payment in full. 


Listing Details

Listing Status
For Sale

Location
Ohio 53953

Date Listed For Sale:
6/6/2023

Date Last Updated:
4/1/2024

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
1280 sq ft

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Pricing Details

Listing Price
$5,750,000

Seller Financing Available?
YES

Property Purchase Price
$750,000

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