Listing ID : 914948
Broker ID : 01788589
Listed On September 26, 2025 68
Listing Updated September 16, 2026
Listing Highlights :
Price just reduced — sellers are motivated and ready to make a deal. This is a rare chance to step into a fully operational, CAURD-licensed dispensary in the heart of downtown Peekskill, NY, a tight-knit Westchester County community known for rallying behind its local businesses and its vibrant, community-driven culture. Open since August 2024, this dispensary has already built real momentum: steady foot traffic, easy public parking, and a loyal local following driven by its popular in-house events. With a low-cost lease and an upstairs event space that builds brand visibility and community presence, this is a business with real upside for the right operator. Recently repriced and ready to move. Bring your best offer.
Property & Business Overview
– Fully operational CAURD-licensed dispensary, opened August 2024
– “Mom & Pop” style retailer – strong alignment with local culture and community values
– 1,000 SF retail space on the first floor
– An additional 1,000 SF second floor used as event space
Rent & Location Benefits
– Rent for dispensary space: $2,700/month
– Rent for upstairs event space: $2,000/month
– Total Rent: $4,700/month
– Convenient parking: street parking plus a public garage directly across the street
– Downtown location: amidst retailers, restaurants, and banks, high visibility & foot traffic
Events, Upside & Regulatory Potential
– Already hosting popular community events: poker nights, yoga, and more…
– Event space across the street has been used by Seller for larger events and is available for future events
– Once New York finalizes cannabis lounge regulations, this location is ideally suited for on-site consumption and entertainment
Financial Projections
– 2026 Projection (Jan–Jun Actuals)
– Gross Revenue: ~$2,555,000
Key Investment Highlights
– Operational dispensary – Since August 2024
– Upstairs event space drives community engagement and brand visibility
– Positioned for future consumption lounge regulations
– Recently reduced pricing reflects a motivated seller
– Significant upside via expanded delivery
Market & Demographics
– Within a 10-minute drive: ≈ 92,000 people, average household income ≈ $136,250
– One of 3 operational dispensaries in Peekskill.
– Located in a city that embraces small, local businesses — “mom & pops” resonate strongly
– Surrounded by complementary businesses (restaurants, retail, banks) driving foot traffic
– Westchester County market has limited dispensary competition
Why This Is A Great Opportunity
– Recently reduced price — motivated seller ready to close
– Downtown location with excellent visibility and parking
– Strong demographics with high income households nearby
– Dispensary + community event space, reinforcing local brand presence
– Positioned to capitalize on future regulatory shifts
– Community-driven business model with growth upside
Deal Terms
– Asking Price: $1,900,000 (recently reduced)
– Approx. 0.74× projected 2026 gross revenue
– Seller Financing offers will be considered
– Pricing negotiable for ALL CASH offers
Meilad Rafiei – License# 01788589 – WeCann
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