Jersey City, NJ 07304 · Investment · For Sale · MLS 260008288
467.5-469 Martin Luther King Jr Dr
$900,000
Investment
Use
4
Units
81
Days Listed
About this property
Two adjacent mixed-use properties in the Bergen-Lafayette section of Jersey City, just three blocks from the Hudson Light Rail, offering convenient eastbound access to Downtown Jersey City and PATH connections. The properties are also within walking distance of Arlington Park and Berry Lane Park. Currently vacant, with most framing completed and partial plumbing and electrical work already in place, these buildings present a strong value-add opportunity. Situated within the Jackson Hill Redevelopment Area, there is potential to expand by adding additional stories to maximize the property’s full development capacity of four stories. Each building includes a ground-floor commercial unit and a residential unit above, for a total of four units across both properties.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07304
MLS #260008288
Space
Units4
Stories3
ConstructionWood/Brick
Building systems
SprinklersNone
Investment
Annual taxes$8,163
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 467.5-469 Martin Luther King Jr Dr?
The asking price is $900,000.
What is 467.5-469 Martin Luther King Jr Dr 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 467.5-469 Martin Luther King Jr Dr?
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.
