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241 M.L.K. Drive
Jersey City, NJ 07305
Shovel-ready JC Development - 18 Units + Comm · Land For Sale
·
0.09 AC
Executive Summary
Attached is a clean summary of the architectural plans, including unit mix, building specs, zoning data, and layout details.
The project is positioned for a smooth start. Architectural drawings and engineering work have been completed, zoning alignment is confirmed, and utility coordination details are incorporated into the plan set. This makes the project ideal for developers seeking a shovel-ready build with minimal pre-construction friction.
If you have questions, need full plans, pro-formas, or would like to schedule a walkthrough of the site, feel free to contact me.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.09 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | 4A - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.09 AC |
| Opportunity Zone |
Yes |
| Zoning | 4A - Commercial |
1 Lot Available
Lot 16701/31
| Price | $1,170,000 | Lot Size | 0.05 AC |
| Price Per AC | $21,967,705.60 |
| Price | $1,170,000 |
| Price Per AC | $21,967,705.60 |
| Lot Size | 0.05 AC |
Prime ground-up development opportunity at 241 Martin Luther King Drive, Jersey City. This site is approved for a 5-story, 18-unit residential building with ground-floor commercial space, located directly within the Jackson Hill Redevelopment Zone.
Description
Prime ground-up development opportunity at 241 Martin Luther King Drive, Jersey City. This site is approved for a 5-story, 18-unit residential building with ground-floor commercial space, located directly within the Jackson Hill Redevelopment Zone. Attached is a clean summary of the architectural plans, including unit mix, building specs, zoning data, and layout details. If you would like the full detailed plan set, please reach out to me directly and I will send them to you upon request. The project is positioned for a smooth start. Architectural drawings and engineering work have been completed, zoning alignment is confirmed, and utility coordination details are incorporated into the plan set. This makes the project ideal for developers seeking a shovel-ready build with minimal pre-construction friction. If you have questions, need full plans, pro-formas, or would like to schedule a walkthrough of the site, feel free to contact me.
Property Taxes
| Parcel Number | 06-23404-0000-00030 | Improvements Assessment | $0 |
| Land Assessment | $943,600 | Total Assessment | $943,600 |
Property Taxes
