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    Cannabis Retail Storefront Jersey City, NJ 07305

    Sponsored
    For Sale
    $495,000

    Prime location, approved license, high ROI.

    Property size:
    3,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents a 3,900 square foot storefront in Jersey City, NJ (zip code 07305), ideally situated near the intersection of Routes 1, 9, and 40, ensuring high visibility and substantial foot traffic. The property boasts a fully approved zoning permit and is exempt from the current moratorium, making it eligible for a local resolution of support. The seller has received conditional approval from the New Jersey Cannabis Regulatory Commission (CRC) and is finalizing construction plans. Currently leased at $5,000 per month, the lease will increase to $15,000 per month upon Certificate of Occupancy (COO). The asking price for this turnkey cannabis retail license is $495,000 ($126.92 per square foot). The buyer will need to complete the planning application and present it to the City Council for local approval. Upon receiving local approval, the buyer will then apply for an annual state license and commence the build-out. This is a rare chance to acquire a fully permitted and strategically located cannabis retail business in a high-demand market. The property is located in Hudson County.

    Property Features for 0 Cannabis Retail Storefront

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,900 SF

    HighLights

    • Eligible for annual state license renewal upon local approval.
    • Zoning approved; exempt from current moratorium.
    • Seller finalizing construction plans.
    • 3,900 square foot building.
    • Current lease rate: $5,000/month, increasing to $15,000/month upon Certificate of Occupancy.
    • Asking price: $495,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0887576
    Latitude
    40.7008528

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, approved license, high ROI.
    Where is this individual retail property located?
    The property is located at Cannabis Retail Storefront Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Eligible for annual state license renewal upon local approval.; Zoning approved; exempt from current moratorium.; Seller finalizing construction plans.
    Request Owner's contact information
    Cannabis Retail Storefront Jersey City, NJ 07305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cannabis Retail Storefront Jersey City, NJ 07305
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