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309 Martin Luther King Jr Dr 5,628 sq ft 64% Let Retail Property Jersey City, NJ 07305 £1,117,215 (£198.51/sq ft) 9.57% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Heavy foot traffic
  • exposed Brick walls
  • Parking lot behind building

EXECUTIVE SUMMARY

Rapid growing area with mass foot traffic as well as new developments happening. Only blocks away from Annex City Hall along with mins from Lite Rail train station which connects to the Path station to go to NYC.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Sale Conditions
Sale Leaseback
Property Type
Retail
Property Subtype
Shopfront Retail / Residential
Property Size
5,628 sq ft
Costar Property Class
C
Year Built/Renovated
1901/2021
Price
£1,117,215
Price per sq ft
£198.51
Yield
9.57%
NOI
£106,880
Occupancy Rate
64%
Tenancy
Multiple
Number of Floors
3
Plot ratio
2.15
Total Plot Size
0.06 ac
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class
multi unit - Two parcels combined can become a multi unit property from 15-30 units with parking lot behind attached for knockdown to maximized units check zoning
Frontage
24 ft on Martin Luther King Jr

AMENITIES

  • Fenced Lot
  • Property Manager on Site

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE TYPE
  • LEASE END
  • Hurlee Realty llc
  • Real Estate
  • 2,700 sq ft
  • £74.48
  • TBD
  • Mar 2031
  • Pa Pa Cafe
  • Accommodation and Food Services
  • 1,000 sq ft
  • £163.86
  • Negotiable
  • Jan 2028
TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE TYPE LEASE END
Hurlee Realty llc Real Estate 2,700 sq ft £74.48 TBD Mar 2031
Pa Pa Cafe Accommodation and Food Services 1,000 sq ft £163.86 Negotiable Jan 2028
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309 Martin Luther King Jr Dr, Jersey City, NJ - AERIAL map view
Walk Score®
Easily Walkable (87)
Transit Score®
Excellent Public Transport (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Citizens Bank
Capital One
Five Guys
Fish Market
Toyota
Checkers
Bravo Supermarkets
IHOP
Bank of America
PNC Bank

PROPERTY TAXES

Parcel Number 06-23101-0000-00035 Improvements Assessment £435,937
Land Assessment £84,536 Total Assessment £520,473

PROPERTY TAXES

Parcel Number
06-23101-0000-00035
Land Assessment
£84,536
Improvements Assessment
£435,937
Total Assessment
£520,473
(646) 736-8458

Still interested?

Contact the agent for more information about this property

CONTACT

  • Thomas Hurley
    Thomas Hurley
  • HURLEE REALTY LLC

  • Listing ID: 35137409

  • Date on Market: 14/03/2025

  • Last Updated:

  • Address: 309 Martin Luther King Jr Dr, Jersey City, NJ 07305

The Bergen-Lafayette Retail Property at 309 Martin Luther King Jr Dr, Jersey City, NJ 07305 is currently available. Contact HURLEE REALTY LLC for more information.

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309 Martin Luther King Jr Dr
(646) 736-8458 x

309 Martin Luther King Jr Dr

Thomas Hurley
(646) 736-8458

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