Cannabis Retail Storefront Jersey City, NJ 07305
- Retail properties
- 3,900 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Cannabis Retail Storefront
- Property size
- 3,900 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0888
- Latitude
- 40.7009
