467 1/2 Martin Luther King Jr Dr - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07304- Bergen-Lafayette
$900,000 USD
551-556-3738
467 1/2 Martin Luther King Jr Dr, Jersey City, NJ for Sale
$900,000 USD
Storefront Retail/Residential - FOR SALE
1/13
null | Request Cap Rate

467 1/2 Martin Luther King Jr Dr
Jersey City, NJ 07304
Bergen-Lafayette


HIGHLIGHTS

  • Adjacent mixed-use properties
  • Near Light Rail Station
  • Located in a redevelopment area
  • Build up to 4 stories high

OVERVIEW

Two adjacent mixed-use properties in the Bergen-Lafayette section of Jersey City, just three blocks from the Hudson Light Rail, offering convenient eastbound access to Downtown Jersey City and PATH connections. The properties are also within walking distance of Arlington Park and Berry Lane Park. Currently vacant, with most framing completed and partial plumbing and electrical work already in place, these buildings present a strong value-add opportunity. Situated within the Jackson Hill Redevelopment Area, there is potential to expand by adding additional stories to maximize the property’s full development capacity of four stories. Each building includes a ground-floor commercial unit and a residential unit above, for a total of four units across both properties.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,100 SF

ZONING

Jackson

APN/PARCEL ID

06-19502-0000-00003

ASK ABOUT THIS PROPERTY

Kelly BastidasTerrane Realty AdvisorsMore Info
551-556-3738

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Kelly BastidasTerrane Realty AdvisorsMore Info
551-556-3738

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