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    185 Martin Luther King Jersey City, NJ 07305

    Sponsored
    For Sale
    $235,000

    Profitable Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel, located at 185 Martin Luther King in Jersey City, New Jersey, presents a unique investment opportunity. Priced at $235,000, this 0-unit property is classified as special purpose land and offers significant potential for immediate returns. The property's prime location within a bustling neighborhood ensures high foot traffic, making it ideal for a variety of commercial ventures. Its address in the 07305 zip code of Hudson County places it within easy reach of a large customer base. The existing structure, described as a convenience store, is ready for immediate use or redevelopment, depending on the investor's vision. This is a rare chance to acquire a well-situated commercial property in a thriving Jersey City location. The property's high visibility and accessibility make it an attractive proposition for entrepreneurs seeking a strong foothold in a dynamic market. The land's potential for future development or continued operation as a convenience store offers flexibility and diverse investment strategies. Serious inquiries are encouraged to explore this promising commercial land opportunity further. Detailed property information and site plans are available upon request. This is a turnkey opportunity to capitalize on a high-traffic, prime location in Jersey City.

    Property Features for 185 Martin Luther King

    General Information

    Property type
    Land

    HighLights

    • $235,000 asking price.
    • Special purpose land property in Jersey City, NJ.
    • Located at 185 Martin Luther King Drive, Jersey City, NJ 07305.
    • Zero units.
    • Prime city location with high foot traffic, ideal for a convenience store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0849259
    Latitude
    40.7061668

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    FAQs

    What type of property is this?
    Land - Profitable Land, High Traffic Area
    Where is this land located?
    The property is located at 185 Martin Luther King Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: $235,000 asking price.; Special purpose land property in Jersey City, NJ.; Located at 185 Martin Luther King Drive, Jersey City, NJ 07305.
    Request Owner's contact information
    185 Martin Luther King 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
    185 Martin Luther King Jersey City, NJ 07305
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