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    415 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07304

    For Sale
    $699,999

    Investment - JC, Bergen-Lafayett, NJ

    Days on Market:
    30
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 415 Martin Luther King Jr Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Floors in Building
    3
    Number of units
    3
    Architectural style
    Other

    Weichert Realtors (201) 333-4443 [email protected]

    Listing agent SANDY CUEVAS (201) 333-4443 License #1536437

    Listing date Nov 14, 2025

    MLS# 250021760 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

    Mixed-Use Building in Jersey City

    This mixed-use, three-story brick building is located in Jersey City. The property features approximately 2,200 sq. ft. of commercial space on the ground floor, suitable for retail, restaurant, or office use. The space was previously configured for an ice cream shop. Above the storefront are two residential units: a 1-bedroom apartment on the second floor and a 3-bedroom, 2-bath unit with a private balcony on the third floor. The building is situated across from the Light Rail and near the City Hall Annex, within a commercial plaza surrounded by shops, restaurants, and transit options. It offers access to NYC, major highways, and public transportation. The property requires some maintenance and minor repairs, presenting value-add potential for owner-operators or investors. It is located in a dynamic and growing area of Jersey City.
    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
    -74.081231
    Latitude
    40.709031

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use building with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 415 Martin Luther King Jr Dr, Unit JC Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: - Prime location in the heart of Jersey City, directly across from the Light Rail and steps from the City Hall Annex.; - Mixed-use property with approx. 2,200 sq. ft. of commercial space and two residential units (1-bedroom and 3-bedroom, 2-bath with private balcony).; - Excellent value-add potential for owner-operators or investors due to the need for some TLC and minor repairs.
    (201) 333-4443
    Request Owner's contact information
    415 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07304
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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
    415 Martin Luther King Jr Dr, Unit JC Jersey City, NJ 07304
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