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Fully Licensed Microbusiness with Properties (NY)

161 Church St, Amsterdam, NY, USA
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  • Cannabis Businesses For Sale | Cannabis Business Licenses For Sale
  • Cannabis Businesses For Sale | Cannabis Business Licenses For Sale
  • Cannabis Businesses For Sale | Cannabis Business Licenses For Sale
  • Cannabis Businesses For Sale | Cannabis Business Licenses For Sale
  • Cannabis Businesses For Sale | Cannabis Business Licenses For Sale
  • Cannabis Businesses For Sale | Cannabis Business Licenses For Sale
  • Cannabis Businesses For Sale | Cannabis Business Licenses For Sale

Listing ID : 876474

Listed On January 21, 2025 View Count 10

Listing Updated January 21, 2025

Status :
Price :
$900,000
Business Overview :
License Details :
License Status:
Active – Current
License Type:
Recreational/ Adult Use
License Activities:
Retail / Dispensary , Cultivation, Manufacturing - Volatile , Manufacturing - Non-Volatile , Distribution, Onsite Consumption , Packaging/ Processing
Business Location Details :
Business Location:
Leased, Available for Purchase
Utilities:
Electricity, City Water, Sewer, Garbage, Natural Gas
Terms :
Company Overview :
Description :

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 OUTDOOR Acres Divisible into 12 Acres and 14.9 Acres – Available Together or Separately

Harmony Township, NJ, USA

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