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- LoopNet Team
1-5 Martin Luther King Jr Dr
Jersey City, NJ 07305
Retail Property For Sale
PROPERTY FACTS
Amenities
- Bus Line
- Corner Lot
- Signalized Intersection
About 1-5 Martin Luther King Jr Dr , Jersey City, NJ 07305
HUGE DEVELOPMENT SITE AT SIGNALIZED INTERSECTION IN JERSEY CITY! The 1 MLK Portfolio (1-5 MLK Drive & 30-32 Mcadoo) includes almost 14,000 sq/ft of developable land. The site takes up two corners of a four-corner signalized intersection in a quiet section of Jersey City’s Greenville. Currently being leased by 3 tenants and rented parking spaces which cover taxes and expenses. This site is in the Jackson Hill Redevelopment Plan with zoning bonuses and several different permitted uses. Besides being a multifamily development site, this is a perfect site for a large single retail tenant as well or several retail tenants with dedicated parking across the street. SALE WITH 30-32 McAdoo as a portfolio ONLY. Total Price $2,250,000
PROPERTY TAXES
| Parcel Number | 06-27001-0000-00013 | Improvements Assessment | $54,523 |
| Land Assessment | $2,803,682 | Total Assessment | $2,858,205 |
PROPERTY TAXES
