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337 MARTIN LUTHER KING JR Dr 4,294 SF 100% Leased Retail Building Jersey City, NJ 07305 $1,400,000 ($326.04/SF)
Executive Summary
Unlock your real estate portfolio potential at this well positioned building on a high-traffic corner with over 15,000 daily passersby, it’s surrounded by popular restaurants, boutique shops, and corporate offices to include Jersey City municipal offices, ensuring a steady flow of potential clients. Featuring floor-to-ceiling windows, open-concept layout, and high ceilings, the two commercial spaces offer maximum visibility and a welcoming atmosphere for customers. The residential units feature two- and three-bedroom units with high rent potential where a veritable hotbed of development is set in values-focused neighborhood community. Call today for details, walkthrough.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,294 SF
Year Built
1914
Price
$1,400,000
Price Per SF
$326.04
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.50
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
R-2
Frontage
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-22503-0000-00040 | Improvements Assessment | $504,900 |
| Land Assessment | $144,000 | Total Assessment | $648,900 |
Property Taxes
Parcel Number
06-22503-0000-00040
Land Assessment
$144,000
Improvements Assessment
$504,900
Total Assessment
$648,900
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