0 New York Provisionally Approved Retail License, Queens, NY 11004
This offering presents a unique opportunity to acquire a provisionally approved retail cannabis license in Queens, NY (11004), valid as of July 2024. The license is not a CAURD license. The asking price for 100% equity is $650,000, though the seller is open to joint ventures. This includes a valuable existing business with a proven track record. The established business boasts a fully operational website, a CRM database of 6,000 customers, experienced staff, and established IP/branding. The licensee has identified a suitable property, a 2,500 square foot ground floor unit with an additional 1,500 square feet of rooftop space in a luxury high-rise building within an affluent neighborhood. The monthly lease rate for this property is $11,000. The total square footage of the proposed retail space is 3,000 square feet. This is an exceptional opportunity for an investor seeking immediate entry into the thriving cannabis market. The seller's preference is for a partnership involving assistance with funding.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.