Listing ID : 2434308
Listed On May 22, 2025 7
Listing Updated May 22, 2025
Greenlighted Class 5&6 Prime Jersey City Retail Cannabis Opportunity with Built-In Expansion Pathways
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: 25×100 (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 2 year Joint Venture Agreement with buyout clause
• 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
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