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320-321 Martin Luther King Jr Dr 2 Properties Offered at $4,000,000 in Jersey City, NJ
Investment Highlights
- Corner property established 50 years supermarket did …the parking lot across the street can be used to build a 10 unit building?
Executive Summary
320 MLK 15,000 SF building which includes a pioneer supermarket, estimated $3M gross (all subject to verification) Current tenant has 15 yr lease with 5 year option, paying $19,000 NNN.
The business is also available for sale for $1,100,000. Seller will give $150,000 in stock included in the price of the business. Owner retiring.
The business offers a strong value-add opportunity by introducing lottery and cigarette sales and adding a deli station at the front of the store. This enhancement has the potential to generate approximately $1,500 in additional daily revenue, or $550,000 annually.
Across the street at 321 MLK corner property approximately 6-7,000 SF included in the sale. Development opportunity to develop 10-20 unit multi-family building on corner lot subject to zoning and application approval.
Buyers must show proof of funds. In closing we are selling two pieces of property and a business.
Showing is by appointment only For more information, call/text 201-232-1711 or email johncupo@gmail.com
The business is also available for sale for $1,100,000. Seller will give $150,000 in stock included in the price of the business. Owner retiring.
The business offers a strong value-add opportunity by introducing lottery and cigarette sales and adding a deli station at the front of the store. This enhancement has the potential to generate approximately $1,500 in additional daily revenue, or $550,000 annually.
Across the street at 321 MLK corner property approximately 6-7,000 SF included in the sale. Development opportunity to develop 10-20 unit multi-family building on corner lot subject to zoning and application approval.
Buyers must show proof of funds. In closing we are selling two pieces of property and a business.
Showing is by appointment only For more information, call/text 201-232-1711 or email johncupo@gmail.com
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Parking lot at 321 MLK Drive, Jersey City, NJ
321 Martin Luther King Jr dr, Jersey City, NJ 07305 |
Land | 0.13 AC | - | - |
| 320 Martin Luther King Jr Dr, Jersey City, NJ 07305 | Retail | 15,000 SF | 1940 | $1,100,000 |
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Cupo llc
320-321 Martin Luther King Jr Dr
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