320-321 Martin Luther King Jr Dr FOR SALE


Jersey City, NJ - Bergen-Lafayette
$4,150,000 USD
201-232-1711
, Jersey City, NJ for Sale
$4,150,000 USD
FOR SALE
1/12
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320-321 Martin Luther King Jr Dr
Jersey City, NJ
Bergen-Lafayette


HIGHLIGHTS

  • Corner property established 50 years supermarket did …the parking lot across the street can be used to build a 10 unit building?

OVERVIEW

320 MLK 15,000 SF building which includes a pioneer supermarket, estimated $3M gross (all subject to verification) Current tenant has 15 yr lease with 5 year option, paying $19,000 NNN. The business is also available for sale for $1,100,000. Seller will give $150,000 in stock included in the price of the business. Owner retiring. The business offers a strong value-add opportunity by introducing lottery and cigarette sales and adding a deli station at the front of the store. This enhancement has the potential to generate approximately $1,500 in additional daily revenue, or $550,000 annually. Across the street at 321 MLK corner property approximately 6-7,000 SF included in the sale. Development opportunity to develop 10-20 unit multi-family building on corner lot subject to zoning and application approval. Buyers must show proof of funds. In closing we are selling two pieces of property and a business. Showing is by appointment only For more information, call/text 201-232-1711 or email johncupo@gmail.com

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John CupoCupo llcMore Info
201-232-1711

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John CupoCupo llcMore Info
201-232-1711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.