6
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$1,170,000
Est. payment /mo
32 Baths
Active
241 MARTIN LUTHER KING JR DR Jc Greenville, NJ 07305
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250024047
Full Baths 32
Lot Dimensions 4119
Property Sub-Type Investment
Property Description
Prime shovel-ready development opportunity in the heart of Jersey City's Jackson Hill Redevelopment Zone. Fully approved 5-story project featuring 18 residential units + 1 ground-floor commercial space, offered at $1,170,000. Architectural plans and city approvals are complete, saving the next developer years of time and cost. The approved design includes a mix of spacious 1-bed and 2-bed layouts, private outdoor patios, open courtyards, bike storage, and modern building systems with NFPA-13R sprinklers. Excellent frontage along MLK Drive with strong visibility for the commercial component. No variances required, all city engineering comments addressed, and the site is ready for immediate construction. Perfect for a builder or investor seeking a turnkey urban infill project in a rapidly developing corridor.
Location
State NJ
County Hudson
Area Jc Greenville
Listed by WEICHERT REALTORS