CHILLTOWN DISPENSARY (Turnkey Sale or JV Opportunity)

 

Property Address: 324–326 Central Avenue, Jersey City, NJ

Offering Structure:  Turnkey Sale

Asking Investment: $1.1M

Entity: Chilltown Dispensary LLC

License Type: Class 5 Cannabis Dispensary, Consumption lounge & Class 6 Delivery

Size: ±2,500 SF

Parking: Access to 400 Shared Parking Spaces

Zoning: Central Ave SID Redevelopment Zone 

Approved Air Rights: Up to 7 Stories

 

INVESTMENT HIGHLIGHTS

• Fully approved Class 5 cannabis dispensary location

• Located in prime Jersey City Heights with high foot traffic

• Rare access to 400 shared parking spots

• Air rights approved for 7 stories – future development upside

• First Right of Refusal secured in the lease assignment

• Includes delivery platform integration for expanded market capture

• Rebranding opportunity – creative partner welcomed

 

PROPERTY OVERVIEW

Address: 324–326 Central Ave, Jersey City, NJ

Lot Size: 25x100 (5,527 sqft)

Building Size: ±3,300 SF

Unit Size: ±2,500 SF

Use: Retail Cannabis Dispensary

Tenancy: Vacant – Delivered ready for buildout

Zoning & Permitted Use: Class 5 Cannabis retail & Consumption and Class 6 Delivery 

 

DOCUMENTATION INCLUDED:

• Cannabis License & Municipal Resolution

• Draft Joint Venture Agreement

• Financial Projections

• Business Plan

• Marketing Deck

• Photos (Exterior + Interior)

• Lease 

 

CONTACT:

Arianna Nieves

Licensed Commercial Real Estate Advisor

SERHANT. Commercial

Arianna@serhant.com | 707-739-5778