New Jersey Dispensary & Real Estate
Class 5 Retail Cannabis License & Real Estate For Sale
This opportunity is located in Franklin Twp, New Jersey and is currently available for sale. Both the cannabis retail license and the real estate is available for sale. The real estate contains two lots next to each other with a 2,500 sqft building on one of the lots and will require full renovation.
**CLIENT WILL NOT SELL THE REAL ESTATE ON ITS OWN TO OTHER NEW JERSEY LICENSE HOLDERS**
- License Tier: 5 retail recreational licenses for cannabis - Two Lots: - Lot #1: Includes a 2,200 sq/ft building requiring full renovation - Lot #2: Spacious empty lot with the option to build on it - Architectural Plans: - Currently working on designs and layout plans for the renovation and potential development
- Retail License Price: $2.2 million
- Real Estate Price: $1.7 million
Current owner is working on building plans and municipal permits are submitted and waiting approval. Renovation Estimation: Approximately $250,000*