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Property profile

185 Martin Luther King Jersey City, NJ 07305

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

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 profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

185 Martin Luther King Jersey City, NJ 07305
Jersey City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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