Jersey City, NJ 07305 · Investment · For Sale · MLS 260020694
203-205 Martin Luther King Blvd
$649,000
Investment
Use
4
Units
0
Days Listed
About this property
INVESTOR & DEVELOPER OPPORTUNITY! Welcome to 203–205 Martin Luther King Dr, Jersey City, NJ 07305. This is an excellent opportunity for investors, builders, and developers looking for their next project in Jersey City. Situated on a large 45' x 105.7' lot, the property currently features two commercial storefronts on the first floor and two residential apartments on the second floor and requires a full renovation, offering significant potential to reimagine the existing space. The seller has plans for a proposed redevelopment featuring four residential apartments and two commercial storefronts, subject to all required municipal approvals, permits, zoning compliance, and other applicable requirements. Located within a redevelopment zone, this property presents an exciting opportunity for those looking to renovate, reposition, or explore future development potential. Bring your vision, contractor, and development team to unlock the possibilities! Property is being sold strictly AS-IS. Buyer is responsible for conducting all due diligence and independently verifying zoning, redevelopment regulations, proposed plans, and all required approvals with the City of Jersey City. Buyer is also responsible for verifying and obtaining all required city inspections, permits, certificates, and the Certificate of Occupancy (CO), as applicable.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07305
MLS #260020694
Space
Units4
Investment
Annual taxes$16,345
Mixed useYes
Zoning & permitted use
Zoning and permitted-use codes are not published in the MLS IDX feed, so this page does not state one. Before you sign a lease or a contract, permitted use has to be confirmed with the Jersey City zoning office. Andrew Diaz can pull the full broker file and work that question through with you.
Location
Questions about this property
What is the asking price for 203-205 Martin Luther King Blvd?
The asking price is $649,000.
What is 203-205 Martin Luther King Blvd zoned for?
Zoning is not published in the MLS IDX feed, so this page does not state one. The listing describes the property as Investment, but permitted use must be confirmed with the Jersey City zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 203-205 Martin Luther King Blvd?
Call or text Andrew Diaz at (551) 235-3473. He can arrange a walkthrough, pull the full broker file, and represent you through the purchase.
