571-575 Martin Luther King Jr Dr - Freestanding FOR SALE


Jersey City, NJ 07304- Bergen-Lafayette
$6,900,000 USD
201-282-8640
571-575 Martin Luther King Jr Dr, Jersey City, NJ for Sale
$6,900,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

571-575 Martin Luther King Jr Dr
Jersey City, NJ 07304
Bergen-Lafayette


OVERVIEW

Prime Commercial Investment Opportunity – Jersey City Located along the growing Martin Luther King Jr. Drive commercial corridor, this approximately 18,000 SF fully commercial property offers strong in-place income with additional upside potential. The property consists of multiple retail storefronts with a diverse tenant mix, providing stable cash flow for investors. One commercial space of approximately 1,950 SF is currently vacant, creating an immediate value-add opportunity for leasing or owner-user occupancy. Positioned in a high-visibility location with strong neighborhood traffic, the property is surrounded by established businesses including KFC, fish market, beauty supply stores, and other local retailers. Jersey City continues to experience significant growth and neighborhood transformation, making this property an attractive opportunity for investors seeking stable income with long-term appreciation potential.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$815 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

commercial

APN/PARCEL ID

06-17901-0000-00001

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201-282-8640

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Grace ChoiRE/MAX NOW - Palisades ParkMore Info
201-282-8640

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