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Why would someone do all this work on an old building? Unfortunately, state limitations and local zoning restrictions sometimes pigeonhole certain properties such that using an existing structure is the only option for a cannabis retailer. Renovating an existing building typically costs less than building a new one. After considering the cost of new mechanicals, retrofitting the exterior masonry walls, removing the old vault and asbestos, lead paint abatement, stripping the plaster walls, coring through old precast concrete flooring and considering myriad unanticipated challenges, it would have been more efficient and cost roughly the same amount to build a brand-new building from the ground up. For instance, Grow America Builders was hired to renovate an 88-year-old bank into a new dispensary. – Renovating an old building: Retrofitting a free-standing building that is old or historic is the least cost-efficient type of build-out and should generally be avoided. Lastly, most new construction is built with an updated concept and modern aesthetic that increases curb appeal and consumer traffic.Ī dispensary built from the ground up can cost between $900,000 and $3.5 million. All aspects are laid out to ensure maximum efficiency at all levels. Every aspect of the project is carefully considered and features such as the vault, the cannabis workroom, the point-of-sale area and the reception area are placed in the best possible locations. But with the budget to cover it, the customer gets everything they want. With new construction, there is less risk of encountering unanticipated issues and there are no landlord requirements to accommodate.
![the vault dispensary the vault dispensary](https://www.klsecurity.com/illinois/cannabis-dispensing-requirements/images/chicago-champaign-cannabis-dispensary.jpg)
However, when building a dispensary via new construction, there are two important advantages: New construction is the most time-efficient and it allows the client to lay out their dispensary exactly the way they want. – New construction: Typically, new construction is the most expensive build per square foot. Renovating an already existing free-standing building can run anywhere between $350,000 and $1 million. However, with this much flexibility the cannabis dispensary can be built with curb appeal in mind and include all the features the client desires.
![the vault dispensary the vault dispensary](https://image.presslogic.com/holiday.presslogic.com/wp-content/uploads/2020/10/The-Dispensary-Vault-Lockdown-Party.jpg)
This type of renovation also often requires parking lot improvements and landscaping. New storefront doors and glass typically need to be installed, and many municipalities require “one way in and one way out” egresses with man traps.Īn advantage of a free-standing building is much more flexibility with layouts and the ability to customize many aspects of the dispensary.
The vault dispensary windows#
Unnecessary windows are usually removed and infilled with masonry to reinforce security. The construction costs on these are higher because in addition to the interior renovations and upgrading mechanicals, there will most likely be exterior renovations as well. – Free-standing buildings: Many dispensaries are built out in a free-standing building such as a bank, a restaurant or another multi-use space. We’ve investigated many different systems for odor mitigation, and have identified many options, most of which have been-value engineered to achieve maximum mitigation at minimal cost.Ī dispensary built out in a strip mall typically costs between $500,000 and $850,000. At Grow America Builders, we’re partial to the smell of cannabis, but the adjoining Gymboree or Men’s Wearhouse may not be.
![the vault dispensary the vault dispensary](https://s3-media0.fl.yelpcdn.com/bphoto/lsMVNfAXVvDHnkTMdP7OEA/l.jpg)
![the vault dispensary the vault dispensary](https://inndica.com/wp-content/uploads/2021/06/Vault.jpg)
The vault dispensary install#
Some landlords (and municipalities) require tenants to install complex odor mitigation systems so that the cannabis odor doesn’t permeate throughout the other tenant spaces. One measure that could increase the cost of a strip mall build-out is odor mitigation. Unless the front-facing windows need to be changed to mitigate security risks, there’s typically not much exterior work that needs to be done in a strip mall unit. The framing layout is usually limited to interior partition walls, and the exterior is already set in place. – Strip malls: The most cost-efficient dispensary build-out option tends to be a vacant space or “vanilla box” in a strip mall because there are usually adequate mechanicals such as HVAC, plumbing and electrical services in place. We’ve also built brand new buildings from the ground up. We’ve built dispensaries in vacant strip malls, former pharmacies, old banks, newer banks, a former accounting firm and even a dental office. The first factor in determining the construction cost of a cannabis dispensary is the type of building it is going into. All photos courtesy Grow America Builders. Everything from flooring to finishes to building size affects the cost of a dispensary build-out.
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