Listing ID : 876474
Listed On January 21, 2025 10
Listing Updated January 21, 2025
NY Vertically-Integrated Cannabis Business
Summary of Assets
- NY Cannabis “Microbusiness” license permitting indoor cultivation, processing and retail operations
- The only vertically integrated license in NY and the most rare, with far less having approved retail locations
- Production and Retail can be run independently thus Dispensary can be launched to generate cash flow while Production Facility is in construction
- Retail facility was the final dispensary approved in Amsterdam before municipality imposed a moratorium blocking any future dispensaries from entering the city, thereby eliminating the threat of future competition
- Lease: 10k sq ft facility for cultivation, processing and administrative work
- Address: 337 E Main St Canajoharie, NY 13317
- Low-cost area with added tax benefits due to location in Opportunity Zone
- Situated just off of main highway exit providing great visibility and logistics
- Next to a planned $30mm cannabis facility/tourist attraction
- Pipeline of prospective employees and interns through popular cannabis program at local SUNY Fulton-Montgomery Community College
- Lease: 4k sq ft facility for retail
- Address: 161 Church St Amsterdam, NY 12010
- High visibility location with high traffic volume, neighbored by Dunkin Donuts and 2 convenience stores / gas stations
- Exquisite architecture featuring vaulted ceilings, abundant natural light, suitable for consumption lounge combined with dispensary
- Includes large finished, operational basement for additional uses
- Includes 40 spot parking lot and drive thru (extremely rare for the area)
- Existing Personnel
- Head Grower available with extensive track record of high performance in cultivation, including leadership role at an MSO. Brings genetics and SOPs for operating a pharmaceutical grade cannabis facility, and is willing to work for stock-based compensation
- Offer:
- $900k for license, including control of properties
- Buyer responsible for buildout, launch and management of operation
Property Details
1) Cultivation, Processing and Admin Property
- Rent $3,900
- Rent to Own option available
- 10k sq ft of indoor office and warehouse space, in possession of required local permits
- 12 off-street private parking spots
- Adjacent to flagship cannabis operation in-development
- Located on major corridor near several amenities
- < 0.25 mi from downtown Canajoharie with plenty of nearby food and shopping options for staff
- < 1 mi from Tractor Supply
- 10 min from garden supply store dedicated to cannabis cultivation
- Immediately off of NY State Thruway which connects Albany to Syracuse, benefiting from quick access to two major NY metro areas
- Utica – 35 min, Rome – 45 min, Syracuse – 70 min
- Amsterdam – 20 min, Schenectady – 30 min, Albany – 40 min
- Saratoga Springs – 50 min
- Logistical gem, centrally located within 3 hours of all major NY cities
- Cortland – 1.75 hours, Ithica – 2.25 hours
- Lake Placid – 2.5 hours, Plattsburg – 2.75 hours
- Binghamton – 2.75 hours, Corning – 2.75 hours
- Rochester – 2.5 hours, Buffalo – 3 hours
- NYC – 3 hours, Westchester – 2.5 hours
- Other Destinations: Boston MA – 3 hours, Hartford CT – 2.5 hours, Burlington VT – 3.25 hours, Montreal QC – < 4 hours, Toronto ON – 5.25 hours
- Some of the lowest electricity costs in the country
- Strong, employer-friendly local labor market with industrial heritage
2) Retail Property
- Rent $3,500
- Formerly used as a prominent bank in the area, uniquely equipped with functional Drive-Thru lane and window
- Stunning curb appeal and magnificent lobby with vaulted ceilings and great natural lighting
- 4,704 square feet, split between downstairs and upstairs, in possession of required local permits
- Upstairs area perfectly suited consumption lounge or creative space
- Large finished basement space with rooms, not included in above square footage
- Standalone structure with large parking lot
- Offers discrete and comfortable customer experience for walk-in and drive-thru customers since not joined to shopping or strip center
- 40 private parking spaces
- Great high-traffic location shared with vibrant Dunkin Donuts and Gas Station / Convenience Store
- Directly on major artery in city (9,309 AADT)
- Adjacent to primary commuter route to/from Capital Region (Albany/Schenectady/Troy)
- State Highway 30 < 0.5 mi west of store (21,977 AADT)
- State Highway 5: < 0.5 mi south of store (9,993 AADT)
- I-90 Throughway: <1.5 mi south of store (20,000+ AADT)
- Local traffic and commuter traffic between Capital Region and Mohawk Valley / Adirondack foothills territory
- Municipality resistant to future dispensaries thus likely to resist future permitting thereby providing competitive protection
- More Information about the Property
- https://www.crexi.com/lease/properties/629606/new-york-161-church-street
- https://www.facebook.com/AubreyGuriTeam/videos/161-church-street-amsterdam/690910764920530/
26.9 Acres Divisible into 12 Acres and 14.9 Acres – Available Together or Separately Explore the potential of this expansive 26.9-acre property,
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