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Executive Summary

320 MLK 15,000 SF building which includes a pioneer supermarket, estimated $2.4M 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 $1.25M. The owner will leave $150,000 worth of goods.
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

Property Facts

Price $4,699,999
Price / SF $313.33 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 15,000 SF
Total Land Area 0.36 AC

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 -
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  • Listing ID: 32892729

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 320-321 Martin Luther King Jr Dr, Jersey City, NJ

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