Scotch Plains, New Jersey

🌿 7,200 SF Dual Cannabis-Use Building | Retail & Manufacturing | Highway 22 Exposure | For Sale & Lease

📊 Investment Highlights

• 7,200 SF two-story retail/industrial building on 0.90 acres

• First Floor: existing licensed cannabis dispensary (vacating; available for lease)

• Second Floor: existing cannabis manufacturing company

• Zoning: B-3 — all classes of cannabis businesses (Class 1–6) authorized as primary uses (no variance required)

• ±40 parking spaces (5/1,000 SF) — excellent access and customer convenience

• Prime visibility: 158’ frontage on U.S. Highway 22, a major Northern NJ retail corridor

• Surrounded by national retailers: Panera, Home Depot, Walmart, Chipotle, Chick-fil-A, Starbucks, TJ Maxx, DSW, Aldi, Lidl, Ulta, Kohl’s, ShopRite, and more

• No competitive cannabis uses considered, but complementary cannabis operations welcomed

• Asking Sale Price: $3,240,000 @ 10% CAP

• Asking Lease Price: Call for Pricing — vacant 2,000 SF first-floor retail/flex space available immediately

• Multiple tenancy with in-place income and flexible repositioning potential

🧾 Executive Summary

An exceptional dual-use cannabis property strategically positioned along U.S. Highway 22 in Union, New Jersey, offering sale and lease opportunities for investors or operators in the cannabis, retail, or flex space sectors.

The 7,200-square-foot building is fully zoned under B-3 commercial regulations, allowing all six classes of cannabis operations as primary uses — including cultivation, manufacturing, distribution, testing, and retail — making it one of the most flexible cannabis-authorized assets in Northern New Jersey.

The first floor currently operates as a licensed cannabis dispensary and will be available for lease — suitable for retail, office, or flex use. The second floor is occupied by an existing cannabis manufacturing tenant, providing a stable income stream and synergy for vertically integrated operators.

Featuring ±40 on-site parking spaces, 158 feet of prime frontage, and direct exposure to one of New Jersey’s busiest retail corridors, this property benefits from a steady flow of traffic and visibility alongside major national retailers including Home Depot, Chick-fil-A, Starbucks, and Walmart. The zoning advantage, built-in cannabis infrastructure, and strategic location make this asset a rare find for owner-users, multi-site operators, or 1031 investors seeking stable yield and future growth potential.

🏢 Property Overview

• Type: Retail / Mixed-Use / Cannabis

• Subtype: Cannabis Dispensary & Manufacturing Facility

• Building Size: 7,200 SF

• Stories: 2

• Lot Size: 0.90 Acres

• Zoning: B-3 (All Cannabis Classes 1–6 Authorized)

• Frontage: 158’ on U.S. Highway 22

• Parking: ±40 spaces (5.56/1,000 SF)

• Tenancy: Multiple — Manufacturing (2nd floor) + Vacant Retail (1st floor)

• Cap Rate: 10%

• NOI: $324,000

• Asking Sale Price: $3,240,000

• Asking Lease Price: Call for Pricing

• Ceiling Height: 12’ (slab-to-slab)

• Building Class: C

• Year Built: 1950

• FAR: 0.18

• Amenities: 24-hour access, monument signage, security system, freeway visibility, tenant-controlled HVAC

🧩 Space Availability

📍 Location Advantage

Located directly on U.S. Highway 22, this property offers unmatched visibility, strong retail adjacency, and cannabis-permitted zoning — a combination rarely found in New Jersey’s limited-license market. The corridor is home to major national retailers and service anchors, drawing consistent consumer traffic and creating robust cross-shopping opportunities.

With its established cannabis presence, ample parking, and prime regional exposure, this site is ideally suited for expanding operators, multi-location dispensary groups, or investors seeking passive income with future cannabis growth upside.