24 Martin Luther King Dr Jersey City, NJ 07305
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 24 Martin Luther King Dr
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional commercial property, located at 24 Martin Luther King Drive in Jersey City, NJ 07305, presents a unique investment opportunity. Situated on a corner lot at the intersection of Warner Avenue and Martin Luther King Drive, this all-brick, three-story building offers significant potential. The first floor encompasses 1,780 square feet and is currently occupied by a church and three garages, along with five on-site parking spaces. The second floor and basement are also part of this substantial space. The third floor features two apartments, each with two bedrooms, a living room, kitchen, and one bathroom. These apartments are currently occupied by month-to-month tenants. The property is being sold strictly "as is," with the buyer responsible for any necessary repairs and obtaining any required certificates of occupancy or fire department approvals. This prime location in Hudson County offers substantial upside for a savvy investor. The property's size, existing tenants, and strategic location combine to create a compelling investment opportunity with considerable potential for future development or redevelopment. Don't miss this chance to acquire a significant piece of Jersey City real estate.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0902
- Latitude
- 40.701
