ADD FREE LISTING

Cannabis Eligible Facility on Atlantic City’s Boardwalk

Atlantic City, NJ, USA
APPLY FOR A REAL ESTATE LOAN
Cannabis Real Estate Listings | Cannabis Warehouses and Industrial Buildings For Sale

Listing ID : 708340

Posted on May 8, 2024 View Count 8

Price For Sale:
$6,290,000,000
Cap Rate:
92,867%
Size:
34,000 Sq. Ft.
Utilities:
Electricity, City Water, Sewer, Garbage
Year Built:
1980
Cannabis or Hemp Use:
Cannabis and/or Hemp
Terms of Sale:
Cash, Financing
NDA Required:
Yes
Phone:
7143933077
Email:
meilad@wecann.biz
Description :

Embark on an unparalleled opportunity to secure an industrial property that qualifies for a licensed cannabis facility, on Atlantic City’s iconic boardwalk, offering breathtaking ocean views!

WeCann is pleased to present this purchase and lease opportunity spanning up to 39,000 square feet within a remarkable 9-story building. This expansive property boasts a versatile layout, featuring 34,000 square feet of prime space on the 9th floor, with soaring 14-foot ceilings, and 5,000 square feet on the ground floor for retail use. Allowing a cannabis operator the ability to have a fully vertically integrated business all at this location. The intermediate floors encompass a spacious parking garage, offering convenient access for patrons and tenants a like.

The 8th floor is dedicated to parking for the 9th floor tenant/owner, providing 60 spaces exclusively, complete with private freight and personal elevator access. Whether you opt to purchase or lease, each floor offers endless potential for customization and adaptation to suit your unique requirements. The ground floor presents an amazing opportunity for a dispensary right off the boardwalk, with the flexibility to carve out as little as 2,000 square feet.

The 9th floor, previously utilized as office space, will be delivered as a blank canvas with utilities in place. However, the seller extends the option to facilitate tenant improvements for an additional cost, coupled with construction financing as low as 6%, ensuring a seamless transition into your ideal workspace. Ample power will be provided to accommodate the demands of your operations, ensuring uninterrupted functionality. Contact us for more details.

 

Key Features:

  • Prime Location: Large parking garage on the Atlantic City boardwalk with ocean views
  • Versatile Space: Up to 39,000 SF available for purchase or lease
  • Flexible Layout: 9-story building with 34,000 SF available on the 9th floor
  • Retail Opportunity: Ground floor suitable for dispensary or other commercial ventures
  • Customization Options: Seller offers tenant improvements and construction financing at competitive rates
  • Ample Power: Property delivered with sufficient power supply
  • Asking Lease Rate: $18 per SF annually ($1.50 per SF Monthly) + NNN
  • Asking Sales Price: $6.29 Million for 34,000 SF on 9th floor 

This property is being co-brokered with ReMax Central License #1539140 

50 Acre, 100% Leased, Arizona Cultivation Property for Sale

2144 North Road 1 East, Chino Valley, AZ, USA

Greenhouses For Sale

Create an account

Connect me with a Buyer’s Agent/ Broker.

I Agree to 420Property’s Terms and Conditions and Privacy Policy

You must log in or sign up to use this feature. Please refresh this page if you have already logged in and this feature is not working. For technical assistance please contact us at: 866-742-0776
You must log in or sign up to use this feature. Please refresh this page if you have already logged in and this feature is not working. For technical assistance please contact us at: 866-742-0776

Contact Listing Owner

All Listings

420 PROPERTY SEARCH

Hemp Only Listings

Listings You May Also Like

Oxford – Turnkey Provisioning Center & Industrial Space
Oxford – Turnkey Provisioning Center & Industrial Space

850 South Glaspie Street, Oxford, MI, USA

Municipal Approved Adult-Use Provisioning Center availablefor sale or for lease - license and real estate included.The location is fully built out; al

Retail For Lease

Looking For A Property That Can Do It All?

Lomas Rd, Jacksonville, OR, USA

Stunning riverfront property, nestled in a serene and private setting in the Applegate Valley. This property includes a generous parcel of certified o

Residential Acreage For Sale

212 E 34th St., New York, NY – Retail Dispensary
212 E 34th St., New York, NY – Retail Dispensary

212 East 34th Street, New York, NY, USA

New York Recreational Dispensary for Lease212 E 34th St, New York, NY  10016 OverviewLocated in Manhattan’s bustling Midtown., 212 E 34th Street o

Retail For Lease

Leoni Township – Freestanding Retail/Cannabis Building

6015 Ann Arbor Road, Jackson, MI, USA

Municipal Approved Adult-Use Provisioning Center available for sale – license and real estate included in the sale.Suitable for traditional retail p

Retail For Sale