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298 Martin Luther King Jr Dr
2,350 SF of Retail Space Available in Jersey City, NJ 07305
Highlights
- Open Floor Plan Concept
- Private Office & Storage Space
- 23 ft Street Frontage along Martin L King Dr
- High Ceiling w/ Fire Sprinkler
- High Corner Lot Visibility
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 2,350 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application | Modified Gross |
1st Floor
High ceiling open floor concept w/ sheetrock walls and wood flooring covered by commercial-grade carpeting. Separately metered utilities; electric, gas and hot water. Forced hot air heating system and wet fire sprinkler system represents primary safety feature.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Central Heating System
- Corner Space
- High Ceilings
- Exposed Ceiling
- Open Floor Plan Concept
- High Ceiling
- Private Office & Storage Space
- High Corner Lot Visibility
- 23 ft Street Frontage along Martin L King Dr
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 298 Martin Luther King Jr Dr , Jersey City, NJ 07305
| Total Space Available | 2,350 SF | Gross Internal Area | 4,500 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 2,350 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 4,500 SF |
| Year Built | 1920 |
About the Property
Class C neighborhood retail space comprised of three-room open floor plan inclusive of two demised rooms ideal for private office/storage and one restroom facility. Highly visible corner lot space features large casement windows and expanded ceiling height w/ exposure along the primary commercial corridor of Martin L King Dr in close proximity to Hudson-Bergen light rail service (MLK Station). Join area tenants Dunkin Donuts, H&R Block, T-Mobile, McDonalds and hosts of local eateries/neighborhood businesses. Contact Listing Broker for pricing.
- Corner Lot
Nearby Major Retailers
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298 Martin Luther King Jr Dr
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