Utica,New York,$250,000,In Application,Retail;

$1,950,000

Details

New York Recreational Property for Sale in Utica, NY

401 Herkimer Rd., Utica, NY 13502

 

PROPERTY OVERVIEW:

Utica, New York, presents an emerging market ripe with opportunities for cannabis dispensary real estate investment. With recent legislative changes in New York State permitting the sale of recreational cannabis, Utica stands at the forefront of this evolving industry. Utica’s cannabis market exhibits significant growth potential, driven by shifting attitudes towards cannabis legalization and increasing consumer demand. As the tenth most populous city in New York State, Utica boasts a diverse population and a strong economic foundation. With recent legislative changes opening up opportunities for recreational cannabis sales, the demand for dispensaries in Utica is expected to surge.

Highlights

·        Located just off the I-90 in a retail corridor

·        Only 3 miles away from Utica University

·        Good Parking with 16 spots

·        Zoned Urban Mixed-Use

·        Good demographics in municipality

Sale Price: $1,950,000*

Building Size: 5,000 sq. ft.

5-Mile Population: 86,477

Daily Traffic Count: 11,000+

*$1,950,000 includes the Class 5 Cannabis Retailer License, Local and State Approvals, Land Use Entitlements and Real Estate. Real Estate is available for purchase for $575,000.00

Contact Canna Zoned MLS at 248-420-0420 or sales@cannazonedmls.com for more info.

You can also visit our website at www.cannazonedmls.com

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  • ID: 18829
  • Published: March 27, 2024
  • Last Update: May 10, 2024
  • Views: 64