Former Ponderosa Steakhouse | 185 Market St
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Former Ponderosa Steakhouse 185 Market St
7,700 SF Retail Building Potsdam, NY 13676 £745,189 (£97/SF)
Executive Summary
New York Recreational Dispensary
185 Market St., Potsdam, NY 13676
Overview
*$950,000 includes the Class 5 Cannabis Retailer License, Local and State Approvals, Land Use Entitlements and Long-term lease of real estate for $7,700/Month NNN
Potsdam, New York, presents a compelling opportunity for cannabis dispensaries. Situated in the northern reaches of the state, Potsdam offers a unique blend of academic influence, rural charm, and growing acceptance of cannabis products. Potsdam’s cannabis market exhibits promising growth potential, driven by evolving attitudes towards cannabis legalization and increasing consumer demand. Home of Clarkson University and situated near other academic institutions, Potsdam benefits from a diverse population base of students, faculty and residents. With recent legislative changes opening up opportunities for recreational cannabis sales, the demand for dispensaries in Potsdam is expected to rise.
Highlights
Just miles away from SUNY Potsdam & Clarkson University
Heavier traffic corridor w/access to Price Chipper Plaza
Monument Signage!
Ample Parking with 60 parking spaces
Below market Lease rate!!
The building’s layout can easily incorporate a drive-thru
Lease Terms:
$7,700/Month NNN
10-Year Lease w/ (3) 5-Year Renewal Options
2% Annual Escalators
Sale Price: $950,000*
Building Size: 7,700 Sq. Ft.
Daily Traffic: 14,638
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
Grow – Process – Transport – Safety Compliance – Provisioning Center
185 Market St., Potsdam, NY 13676
Overview
*$950,000 includes the Class 5 Cannabis Retailer License, Local and State Approvals, Land Use Entitlements and Long-term lease of real estate for $7,700/Month NNN
Potsdam, New York, presents a compelling opportunity for cannabis dispensaries. Situated in the northern reaches of the state, Potsdam offers a unique blend of academic influence, rural charm, and growing acceptance of cannabis products. Potsdam’s cannabis market exhibits promising growth potential, driven by evolving attitudes towards cannabis legalization and increasing consumer demand. Home of Clarkson University and situated near other academic institutions, Potsdam benefits from a diverse population base of students, faculty and residents. With recent legislative changes opening up opportunities for recreational cannabis sales, the demand for dispensaries in Potsdam is expected to rise.
Highlights
Just miles away from SUNY Potsdam & Clarkson University
Heavier traffic corridor w/access to Price Chipper Plaza
Monument Signage!
Ample Parking with 60 parking spaces
Below market Lease rate!!
The building’s layout can easily incorporate a drive-thru
Lease Terms:
$7,700/Month NNN
10-Year Lease w/ (3) 5-Year Renewal Options
2% Annual Escalators
Sale Price: $950,000*
Building Size: 7,700 Sq. Ft.
Daily Traffic: 14,638
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
Grow – Process – Transport – Safety Compliance – Provisioning Center
Property Facts
Sale Type
Owner User
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,700 SF
Building Class
C
Year Built
1989
Price
£745,189
Price Per SF
£97
Number of Floors
1
Building FAR
0.20
Land Acres
0.90 AC
Opportunity Zone
Yes
Zoning
B-1 - Village of Potsdam B-1 zoning permits many retailer uses on the front of the property.
Parking
7.79 Spaces per 1,000 SF Leased
Frontage
348 ft on Market St
Amenities
- Restaurant
PROPERTY TAXES
| Parcel Number | 407403-064-034-0001-002-000-0000 | Improvements Assessment | £268,190 (2023) |
| Land Assessment | £113,818 (2023) | Total Assessment | £382,008 (2023) |
PROPERTY TAXES
Parcel Number
407403-064-034-0001-002-000-0000
Land Assessment
£113,818 (2023)
Improvements Assessment
£268,190 (2023)
Total Assessment
£382,008 (2023)
-
Keri Knipple -
CannaZoned MLS
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Former Ponderosa Steakhouse | 185 Market St
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