For Sale
$1,100,000

24 Martin Luther King Dr Jersey City, NJ 07305

High-potential corner property, 3-story building

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional commercial property, located at 24 Martin Luther King Drive in Jersey City, NJ 07305, presents a unique investment opportunity. Situated on a corner lot at the intersection of Warner Avenue and Martin Luther King Drive, this all-brick, three-story building offers significant potential. The first floor encompasses 1,780 square feet and is currently occupied by a church and three garages, along with five on-site parking spaces. The second floor and basement are also part of this substantial space. The third floor features two apartments, each with two bedrooms, a living room, kitchen, and one bathroom. These apartments are currently occupied by month-to-month tenants. The property is being sold strictly "as is," with the buyer responsible for any necessary repairs and obtaining any required certificates of occupancy or fire department approvals. This prime location in Hudson County offers substantial upside for a savvy investor. The property's size, existing tenants, and strategic location combine to create a compelling investment opportunity with considerable potential for future development or redevelopment. Don't miss this chance to acquire a significant piece of Jersey City real estate.

Highlights

  • $1,100,000 asking price.
  • Retail and land property in Jersey City, NJ.
  • Located at 24 Martin Luther King Drive, Jersey City, NJ 07305.
  • Three-story all-brick corner building.
  • Includes three apartments and a church (1,780 sq ft).
  • Features three garages and five on-site parking spaces.

Property Details for 24 Martin Luther King Dr

Property type
Retail properties, Land

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7009619
Longitude
-74.090228

FAQs

What type of property is this?
Retail property - High-potential corner property, 3-story building
Where is the retail property located?
The property is located at 24 Martin Luther King Dr Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: $1,100,000 asking price.; Retail and land property in Jersey City, NJ.; Located at 24 Martin Luther King Drive, Jersey City, NJ 07305.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
24 Martin Luther King Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message