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    157 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07305

    For Lease
    $1,695 /Mo

    Retail - JC, Greenville, NJ

    Type:Retail
    Days on Market:
    17
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 157 Martin Luther King Jr Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active

    Utilities

    Heating system
    Natural Gas

    Building Details

    Architectural style
    Other

    Michael Cervelli Real Estate (201) 868-6300 [email protected]

    Listing agent GARY BAEZ (201) 868-6300 License #1434899

    Listing date Nov 19, 2025

    MLS# 250023164 Listing URL

    Copyright © 2025 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space on MLK Drive

    This property offers 650 square feet of flexible space suitable for either retail or office use. The open concept design provides adaptability for various business needs. Located on Martin Luther King Jr Drive, the space benefits from significant exposure and a high volume of pedestrian traffic. The property has been recently renovated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.085681
    Latitude
    40.705354

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    FAQs

    What type of property is this?
    Retail space - Renovated retail or office space with high foot traffic.
    Where is this retail space located?
    The property is located at 157 Martin Luther King Jr Dr, Unit JC Jersey City, NJ.
    What are key features of this property?
    This property features: - Prime retail location on MLK Drive with great exposure and high foot traffic; - 650 sqft of flexible space suitable for office or retail use; - Recently renovated
    (201) 868-6300
    Request Owner's contact information
    157 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07305
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    Jersey City, NJ 07305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07305
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