Commercial space For Sale in Jersey City, NJ
MLS# : 250012722
PROPERTY DETAILS
PROPERTY DESCRIPTION
Investor’s Dream in the Jacksonville Redevelopment Zone - 467.5 & 469 MLK Jr. Dr., Jersey City Unlock the full potential of this rare redevelopment opportunity in the heart of Jersey City's rapidly transforming Jacksonville Redevelopment Zone. Offered as a package, 467.5 and 469 Martin Luther King Jr. Drive presents a blank canvas for builders, investors, and visionaries ready to bring their next project to life. 467.5 MLK needs a full gut, offering maximum design flexibility. 469 MLK is well on its way - framed out and primed for completion. Both properties have brand-new roofs, eliminating a major upfront cost. Zoned for revitalization and surrounded by development activity, these properties are ideally positioned for long-term growth. Whether you're looking to develop residential, mixed-use, or multi-family housing, these vacant buildings are your chance to shape the future of this dynamic corridor. Bring your vision and build the next success story in Jersey City.
Amenities
This listing is a courtesy of COLDWELL BANKER REALTY
201-212-5026 office, listing agent JILL K BIGGS
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| Population: | 267,345 |
| Total Housing Units: | 104,018 |
| Single Family Homes: | 36,684 |
| Apartments: | 67,334 |
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $728,663 |
| Homes Sold* (12mo): | 232 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $671,552 |
| Apatments Sold* (12mo): | 1,098 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $350,000 - 3,495,000 | 75 |
| Condos : | $150,000 - 4,148,000 | 501 |
| Co-ops : | $485,000 - 739,000 | 4 |
| Twnhs : | $2,895 - 2,099,000 | 12 |
| 2-4 Fam : | $475,000 - 3,495,000 | 126 |
| 5+ Fam : | $1,299,999 - 1,650,000 | 2 |
| Land : | $299,000 - 7,500,000 | 21 |
| Rentals : | $1,900 - 16,500 | 48 |
| Mixd Use : | $649,999 - 2,599,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 6 |
