Houlihan Lawrence Commercial closes sale of 2,800 s/f free-standing retail building for $640,000

Haverstraw, NY Houlihan Lawrence Commercial negotiated the sale of 147 Rte. 9W for $640,000, in an all cash transaction.

The seller, a local investment group, was represented by Garry Klein, regional manager of Houlihan Lawrence Commercial and the buyer was represented by Rosemarie Franzese of Rand Commercial.

The free-standing 2,800 s/f building on a quarter-acre lot with 10 on-site parking spaces was purchased for use as a retail cannabis dispensary. The location was desired for its visibility on Rte. 9W, with over 16,000 cars per day. The use required a variance for parking, which was achieved by the purchaser with their consultants.

“Not an easy deal to close, but we all worked together to get it done,” said Klein. This is the third retail cannabis dispensary brokered by Klein in 2025.