Property Description
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 – License# 01788589 – WeCann
Documents
Property Id: 37113
Price: $ 495,000
Property Size: 3,900 ft2
Property Status: active
