241 M.l.k. DrJersey City, NJ 07305

Property Details for 241 M.l.k. Dr

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 4,119 square foot commercial land parcel in Jersey City, New Jersey, presents a unique investment opportunity. Located at 241 M.L.K. Drive, in the 07305 zip code within Hudson County, this property boasts fully approved plans for an 18-unit development. The site's strategic location offers convenient access to various amenities and transportation options, making it an attractive proposition for developers seeking to capitalize on the thriving Jersey City real estate market. The asking price for this ready-to-build site is $949,000. All necessary approvals are in place, eliminating significant pre-construction hurdles and streamlining the development process. This significantly reduces risk and accelerates the timeline to project completion and revenue generation. The substantial lot size provides ample space for the planned 18 units, allowing for potentially diverse unit configurations and maximizing potential rental income. This turnkey project is ideal for experienced developers seeking a swift and profitable venture in a high-demand location. Detailed plans are available upon request. Don't miss this chance to acquire a fully approved multi-family development project in a prime Jersey City location.

Location Insight

City

Jersey City

County

Hudson

State

New Jersey

Latitude

40.7076

Longitude

-74.0829

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