ABOUT
Introducing a rare, fully entitled cannabis retail investment in the heart of Jersey City Heights. Located at 324–326 Central Avenue, this ±2,500 SF commercial unit sits on a high-visibility retail corridor surrounded by dense residential, national anchors, and unmatched foot traffic. Zoned and municipally approved for Class 5 cannabis use, this site offers a clear path to operational launch, bolstered by build out plans, active permits, and a favorable lease structure that includes 400 shared parking spaces, first right of refusal and approved air rights for 7 stories.
This is not just a property—it’s a brand opportunity.
Whether you’re a multi-state operator, equity fund, or local visionary, this is your chance to plant a stake in one of New Jersey’s most competitive retail cannabis markets—before the window closes.
CHILLTOWN DISPENSARY (Turnkey Sale or JV Opportunity)
Property Address: 324–326 Central Avenue, Jersey City, NJ
Offering Structure: Turnkey Sale
Asking Investment: $1.1M
Entity: Chilltown Dispensary LLC
License Type: Class 5 Cannabis Dispensary, Consumption lounge & Class 6 Delivery
Size: ±2,500 SF
Parking: Access to 400 Shared Parking Spaces
Zoning: Central Ave SID Redevelopment Zone
Approved Air Rights: Up to 7 Stories
INVESTMENT HIGHLIGHTS
• Fully approved Class 5 cannabis dispensary location
• Located in prime Jersey City Heights with high foot traffic
• Rare access to 400 shared parking spots
• Air rights approved for 7 stories – future development upside
• First Right of Refusal secured in the lease assignment
• Includes delivery platform integration for expanded market capture
• Rebranding opportunity – creative partner welcomed
PROPERTY OVERVIEW
Address: 324–326 Central Ave, Jersey City, NJ
Lot Size: 25x100 (5,527 sqft)
Building Size: ±3,300 SF
Unit Size: ±2,500 SF
Use: Retail Cannabis Dispensary
Tenancy: Vacant – Delivered ready for buildout
Zoning & Permitted Use: Class 5 Cannabis retail & Consumption and Class 6 Delivery
DOCUMENTATION INCLUDED:
• Cannabis License & Municipal Resolution
• Draft Joint Venture Agreement
• Financial Projections
• Business Plan
• Marketing Deck
• Photos (Exterior + Interior)
• Lease
CONTACT:
Arianna Nieves
Licensed Commercial Real Estate Advisor
SERHANT. Commercial
Explore
Jersey City stands as one of the most strategically positioned and demographically powerful cannabis markets in the Northeast. With its dense urban fabric, proximity to New York City, and a highly progressive stance on cannabis, the city is quickly becoming a hotbed for sophisticated operators ready to build long-term value. The Central Avenue Special Improvement District (SID) is at the center of this momentum.
Central Avenue is undergoing a multi-phase transformation, guided by the SID’s redevelopment plan which includes façade restoration, mixed-use revitalization, pedestrian-friendly streetscapes, and dedicated capital improvements. For cannabis operators—whether traditional retail-focused, vertically integrated, or multi-channel delivery-first models—this corridor presents a rare opportunity to establish brand equity in an area undergoing rapid, curated change.
A Class 5 dispensary strategically positioned here gains immediate exposure to thousands of local residents and commuters daily, backed by strong community retail anchors, walkability, and direct access to the Heights’ growing population. Add to that an attached consumption lounge approval and a Class 6 delivery license, and you have a triple-threat foundation for deep market penetration.
This is not a short-term play. Operators who plant roots and invest into the area’s growth over a 5 to 10-year horizon stand to benefit from explosive appreciation—not just in real estate value, but in brand recognition, political goodwill, and operational scalability. Central Avenue is one of the few cannabis-zoned corridors that aligns with both neighborhood character and future-proof economic development, making it the ideal setting for cannabis businesses that think beyond the first transaction.
Jersey City’s market is competitive—but the smart money knows timing and placement are everything. This is the window to control premium positioning in a city where future licenses may remain frozen, and prime real estate becomes increasingly unobtainable.
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Arianna Nieves is the Head of Cannabis for JC Luxury Group and a top-tier commercial real estate specialist across the Tri-State area. Focused exclusively on commercial assets, Arianna leads deals ranging from traditional lease-ups to complex ground-up developments. Since the legalization of recreational cannabis, she has served as a trusted ad...
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